February 6, 2023
New Guidelines for Compliance: HMRC bolsters its evolving compliance assurance strategy
In this article, EY describes how the new “Guidelines for Compliance ” (GfC) program from the UK’s HM Revenue and Customs (HMRC) may have significant implications for taxpayers. Part of a wider long-term compliance assurance strategy pursued by the UK and other tax authorities, the program is illustrative of the move towards a changed relationship between taxpayer and revenue authority. The below PDF provides details.