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HMRC's High Net Worth Unit has launched an e-magazine to give tax advisers insight into how the unit works and how the department sees it developing in the future.
The articles include an introduction from HMRC chief executive and permanent secretary, Dame Lesley Strathie, an interview with Martin Randall, heard of the HNWU, and a look at co-operative compliance.
It explains that co-operative compliance is intended to enhance the relationship between HMRC and taxpayers ‘to deliver an outcome where both parties work together to achieve the highest possible level of compliance at appropriate cost’.
The idea is that it ‘reflects the growing mutual interest in being as certain as possible about tax liabilities and in ensuring that there are no surprises in any later reviews of these liabilities’.
