Clause 6 - Disclosure of value added tax avoidance schemes
Finance Bill
11:00 am
Susan Kramer (Shadow Minister, Treasury; Richmond Park, Liberal Democrat)
I thank you for your indulgence, Sir Nicholas.
We have also had conversations with a number of parties who are concerned that they expend a huge amount of time and effort complying with these particular rules and regulations and produce information that seems to go into a pot somewhere and never results in any action by HMRC. They appreciate that HMRC has been willing to meet and to talk, but is this not a good example of where consultation in much greater depth in advance would have avoided this process of businesses constantly filing and providing information that appears to be of no particular relevance or use to HMRC?