FOLLOWING the decade anniversary since the merger between the Inland Revenue and HM Customs and Excise to create HMRC took effect on 18 April 2005, the verdict on the enlarged department’s relative success or failure lies somewhere in between.
A poll of 73 Accountancy Age readers found that around a third felt the project had been a failure because the department is in the lap of the corporate world, providing decreasing levels of service for ordinary taxpayers while spending billions on white elephant IT projects.
And while only 17% said HMRC had successfully transitioned to new digital channels, cracked down on tax avoidance and gained new powers, the majority of respondents felt the taxman had been held back by resource cuts.
Around half said resource cuts had hamstrung its ability to deliver an adequate service, a view that mirrors comments made by former PAC chair Margaret Hodge to sister title Financal Director.
The current poll asks if Baker Tilly will benefit from changing its name to RSM. Take part here
Prime minister May outlines tax incentives to boost high-tech business, and further corporation tax rate cuts, to the CBI
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business