HM Revenue & Customs is improving data collection and third-party data integration to help businesses pay tax correctly first time and reduce the small business tax gap. The initiative focuses on better use of third-party data sources, promoting electronic invoicing across UK businesses and the public sector, and addressing the fact that current funding allows 3–4 million calls annually to go unanswered. Status is active with emphasis on modernising HMRC's data infrastructure and customer support capacity.
In response to: Better use of new and improved third-party data
This measure is about improving the quality of data collected under HMRC’s bulk data gathering powers for tax administration.
This tax information and impact note is about the implementation of the Cryptoasset Reporting Framework (CARF) for providing visibility on the transactions of users of cryptoassets.
This tax information and impact note is about the implementation of the Cryptoasset Reporting Framework (CARF) for providing visibility on the transactions of users of cryptoassets.
In response to: Change to data HMRC collects from customers
This measure is about changes to the data HMRC requires from employers, some shareholders in owner-managed businesses, and customers who are self-employed.
This tax information and impact note is proposing to expand its bulk data gathering powers to Money Service Businesses (MSBs).