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ACCA seeks clarity on HMRC’s proposed powers on tax fraud
The ACCA maintained that HMRC must first explain why existing rules fail to address the minority acting fraudulently or dishonestly.
The Association of Chartered Certified Accountants (ACCA) has pressed HM Revenue and Customs (HMRC) to justify its request for additional enforcement powers targeting taxpayers and advisers engaged in fraudulent or dishonest conduct.
The intervention forms part of the ACCA’s response to a UK tax authority consultation.
HMRC is considering introducing a new criminal offence covering “reckless untrue statement or declarations in direct tax”.
The ACCA acknowledged the government’s aim of reinforcing the integrity of the UK’s tax system.
However, it maintained that HMRC must first clarify why the current regulatory structure is insufficient.
