HMRC consults on tax payments

HM Customs and Revenue (HMRC) has launched a consultation on improving tax payment options and managing debt.

Payments, Repayments and Debt: The Developing Programme Of Work is the title of the new consultation paper, which seeks comments on various proposals to make it easier for taxpayers to pay by deadlines and improve how HMRC deals with late payers.

The HMRC has suggested adopting an approach that favours taxpayer integrity more, focusing less on debt from individual taxes and more on the taxpayer's overall behaviour to the revenue body.

Other proposals include introducing a new range of payment methods which would greater enable taxpayers to pay their tax in right time.

As far as debt goes, HMRC has recognised that it requires better tools to tackle late payers who have not been deemed to have genuine difficulties in paying.

All consulting in the aim of modernising HMRC's rules on tax will end on September 17th this year and if adopted, would be subject to the usual legal channels.

Meanwhile, bosses of businesses in Britain and Northern Ireland who are unclear of their tax obligations should consult their solicitors to set their accounts straight.

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