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ARTICLE · 17 JANUARY 2018

Weekly Tax Update 17 January 2018

In this week's Tax Update:

United KingdomTax

1.GENERAL

1.1 Ministerial reshuffle

In last week's ministerial reshuffle, the Rt. Hon. Mel Stride MP has retained his role as the Financial Secretary to the Treasury.

Robert Jenrick MP has been appointed Exchequer Secretary to the Treasury. His role includes ministerial responsibility for charity taxation.

www.gov.uk/government/ministers

1.2 Growing challenges facing HMRC – Public Accounts Committee (PAC) report

The PAC has published a report highlighting concerns for the taxpayer from the growing challenges faced by HMRC.

The report notes that HMRC is undertaking 15 major transformation programmes and faces additional pressure as a result of Brexit. The report advises that HMRC, together with the Treasury, will need to make decisions on how it allocates limited resources to its operations to increase tax revenues, protect performance levels, prioritise its transformation and estate programmes, and invest in measures to tackle tax evasion, fraud

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