On 26 August 2016, UK HMRC issued three consultations on proposals to tackle the hidden economy, promote tax compliance and create a level playing field for UK business. The consultations are as follows:
- Tackling the hidden economy: extension of data-gathering powers to money service businesses, which seeks views on a proposal to extend HMRC’s bulk data gathering powers to include data held by money service businesses (MSBs) relating to their customers’ identities and aggregate transaction…