Anthony Andreasen, director of corporate tax at Gosforth-based RMT Accountants & Business Advisors, says: “With the public finances still remaining stretched, there is still a huge emphasis being place on enabling HMRC to maximise the amount of tax revenues it can bring into the Treasury.“The campaigns that have been run in specific industries and geographical areas have met with some success, and the Chancellor’s announcement of an £800m investment to tackle evasion and noncompliance in the tax system that he wants to see deliver an additional £7.2 billion by 2020 shows the focus on this issue is not being diluted by wider spending constraints.
“The management of the logistics around collecting Capital Gains Tax on property disposals within 30 days of a sale could present a challenge, and it will be interesting to see how this idea is developed before the measure is introduced.”
