HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...READ MORE
Earlier this month, the UK government submitted its response to the latest House of Commons Treasury Select Committee (TSC) report on economic crime, agreeing in many cases to advance parliamentarian recommendations and, in one instance, pushing back on a key proposal.
Taken as a whole, the response outlines a path of what’s to come for compliance professionals in the UK market.
But what exactly is the TSC report? In line with many other legislatures around the world, the directly-elected House of Commons has established a number of select committees to monitor the work and policies of each of the government departments or ministries.
Read more at KYC360.