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EY Global Tax Controversy Flash Newsletter (Issue 55) | HMRC evolves its compliance approach with new ‘Guidelines for Compliance’

|Tax Alerts, Legislation & Policy, Na ...|United States, Albania, Andorra, Angola, ...
United States, Albania, Andorra, Angola, Argentina, Australia, Austria, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Bolivia, Botswana, Brazil + 133 more

Revenue authority compliance strategy is evolving rapidly, with many agencies moving away from costly “downstream” interventions (i.e., tax audits) and focusing increasingly on “compliance assurance.”

A new program from His Majesty’s Revenue and Customs — Guidelines for Compliance (GfC) — propels this evolution forward and other jurisdictions may soon replicate the program.

Under the new complianc…

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