Browse content similar to Live UK Tax Policy Committee. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
Really integrating and becoming wholeheartedly more digital. Any | :03:48. | :12:04. | |
other final words on the issue of pay-as-you-go turrets? Was part of a | :12:05. | :12:12. | |
budget programme you can opt to pay monthly instalments if you want to. | :12:13. | :12:17. | |
HMRC are terrible at publicising it. I think you will find there are a | :12:18. | :12:20. | |
number of people who do not like getting hit with a big bill twice a | :12:21. | :12:25. | |
year, essentially July and January. I think a number of people want to | :12:26. | :12:31. | |
play mostly as they -- monthly as they earn the money. It would be | :12:32. | :12:35. | |
pay-as-you-go, they will not know what their taxes, they will just be | :12:36. | :12:40. | |
paying in instalments. Some very helpful suggestions right across the | :12:41. | :12:44. | |
board, we will take a closer look at them. | :12:45. | :12:50. | |
George? I want to go back to an issue that was raised which is the | :12:51. | :12:56. | |
consultation HMRC initiated last month on failure to correct on | :12:57. | :13:06. | |
accounts held overseas. The consultation has offered a range of | :13:07. | :13:10. | |
penalties for those failing to correct before the September 2018 | :13:11. | :13:20. | |
deadline. Particularly, do you think that will actually change behaviour? | :13:21. | :13:25. | |
I think the biggest thing that will change behaviour, and I expect might | :13:26. | :13:28. | |
have given a slightly incorrect answer before, I may have missed | :13:29. | :13:34. | |
which consultation you were talking about, if you go back to 2004/5, | :13:35. | :13:42. | |
HMRC had no data on offshore accounts. It had suspicion. So there | :13:43. | :13:47. | |
was often a favourable system. What we have been on is a progress where | :13:48. | :13:53. | |
the penalties have increased and the disclosures to HMRC from overseas | :13:54. | :13:58. | |
have also increased. That is where we had to leave live | :13:59. | :14:01. | |
coverage from the select committee rooms. You can continue watching | :14:02. | :14:11. | |
this coverage online on the website at bbc.co.uk/parliament. | :14:12. | :14:17. |