There is “extremely overwhelming” evidence that ending taxpayer confidentiality would result in a loss of tax revenue, HMRC’s tax assurance commissioner has told MPs. But Treasury Committee chairman Andrew Tyrie asked Edward Troup this morning to investigate, and provide the committee with “a thorough and robust exemplification” to support the argument.
Troup is responsible for shaping tax policy and strategy, and is head of profession for tax at HMRC. He second annual report, published in July, covers “the first full year of the strengthened governance processes we put in place to provide assurance that all disputes, large or small, are resolved in a consistent and even-handed way”. Last week the Commons Treasury Committee announced an inquiry into his work.
Read more at AccountingWEB.