By Jonathan London on 17th February 2015

Ed Miliband promises to review HMRC practices

Ed Miliband has pledged that the Labour party will review HM Revenue & Customs (HMRC) should it come into power during the General Election.

The review will look at HMRC’s practices when it comes to tax evasion and avoidance, which has seen the body receive a lot of backlash following controversial plans to access the bank accounts of avoidants.

However, a variety of safeguards were then put in place following HMRC’s Summary of Responses to the proposal.

HMRC also released a paper earlier this month entitled Strengthening Sanctions for Tax Avoidance which added further proposals to challenge those who have tried to avoid tax on a regular basis.

While speaking at the Welsh Labour conference, Mr Miliband said that the review will shine a light on parts of our tax system that have been shrouded in secrecy under this government….

Mr Miliband also stated that the coalition was shrugging its shoulders… when it comes to the issue of tax avoidance, saying that the current government had “turned a blind eye to tax avoidance because it thinks that so long as a few at the top do well the country succeeds”.

If Labour is voted into power this May, the review of HMRC’s practices will be created by July, with a variety of recommendations made for the authority.

Mr Miliband also said that there would a number of new penalties created for tax avoiders.

The pledge comes a mere few months before the General Election is due to take place and the review will have the support of the Treasury while it will also report directly to the chancellor.

Jonathan London Written by Jonathan London

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