Future plans for the tax system

03 September 2020

As normality begins to return, following on from the outbreak of coronavirus, both HMRC and the Treasury are beginning to turn their attentions to the more routine function of how to collect taxes, whilst protecting the tax system, but continuing to support individuals and businesses in the UK.

Plans for changes to how tax will be charged, paid and collected, to adapt to how the world currently works are detailed in the government’s recently published 10-year vision paper for tax administration.

It is hoped that tax administration in the UK will see improved resilience, effectiveness, and support for taxpayers, and will assist businesses and individuals in adhering to their responsibilities.  The document lays out intentions to extend Making Tax Digital , and in addition to this, there is a focus on systems, in terms of looking into the appropriate timing and frequency of the payment of different taxes, and an exploration of the technology infrastructure required to support that.  One of the other elements of the vision relates to law and practice, which will ultimately mean a reform to the framework of tax administration.

The government plans to make a number of significant changes over the course of the next few years, but this is a ten-year strategy, which aims to begin to plan for further reforms in the period to 2030.

The report focuses on a number of areas, as follows:

  • A vision of resilience and effectiveness
  • The core of a modern tax system
  • The benefits: greater ease of use, productivity and resilience
  • The need for reform
  • Our 10-year strategy
  • Careful and incremental reform
  • Next steps

Read the paper in its entirety here.


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