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Autumn Statement 2015 – Tax Avoidance

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Autumn Statement 2015 – Tax Avoidance

The government has vowed to invest £800m in tackling tax avoidance as part of a “digital revolution” at Whitehall.

In his Autumn Statement, Chancellor George Osborne said savings made from the closure of HM Revenue & Customs (HMRC) offices across Britain will be reinvested in building “the most digitally advanced” tax administration in the world.

Earlier this month, it was revealed that 137 local HMRC offices will be closed and replaced with 13 regional hubs.

Osborne added that tax payers “shouldn’t be paying for paper processing in the 21st century”.

He also said that capital gains tax would be required to be paid quicker and outlined up to £450m of savings from an overhaul to government digital services.

 

Source:

www.gov.uk

www.insidermedia.co.uk

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