Reviewing the effectiveness of the current offshore penalties regime
H M REVENUE & CUSTOMS · United Kingdom
Key facts
- Contract value
- £198,000
- Awarded
- 25 Jun 2023
- Contract starts
- 02 Jul 2023
- Contract ends
- 02 Jul 2024
- Procedure
- Call-off from a dynamic purchasing system
- Buyer type
- Central government
Awarded to
| Supplier | Value |
|---|---|
| Verian Group UK Ltd | £198,000 |
Description
HMRC has introduced various offshore penalties over the last decade to deter offshore non-compliance. In that time, HMRC raised over 14,000 offshore penalties in relation to 7,000 cases. However, the introduction of international transparency frameworks such as the Common Reporting Standard (CRS), and the increased ability for HMRC to obtain and share taxpayer data, has changed the landscape significantly. HMRC is increasingly using third party data for nudges and prompts, and trialling sharing data directly with taxpayers and agents. To help assess whether the current penalty regime is still appropriate or would benefit from reform, HMRC needs to understand the impact the regime has on deterring potential non-compliance and incentivising disclosures. The proposed research is intended to address several evidence gaps and will directly inform: 1. Reform of the offshore penalty regime. This may take the form of simplification (up to and including abolition) of the current regime. This research will ensure that the reform process considers the evidence for improving compliance through the offshore penalty regime, rather than simply updating the penalty rules. In turn, this will narrow the tax gap, ensuring that the penalty regime contributes to HMRC's efforts to collect the right amount of tax 2. Operational compliance activity, such as digital nudges and compliance campaigns to encourage customers to disclose unreported offshore income 3. Future communications campaigns to raise awareness of the offshore penalty regime and maximise its deterrence effect
Categories (CPV)
- 73110000 Research services
Similar open tenders
AI Creator Control
Location: WalesBuyer: Intellectual Property Office
Open tenderCloses 28 Nov, 202623 daysValue £80.00kSource Find a TenderThe IPO requires a supplier to provide research to support this review. The intention is that this will be a four-month project including an interim report (shared with policy officials) and final report (prepared for external publication). The Government may wish to communicate initial findings from the interim report
Mapping the Research and Innovation Ecosystem in select North African countries Priorities Actors and Uk Partnership Opportunities in Algeria Egypt Morocco and Tunisia
Location: LondonBuyer: British Council
Open tenderCloses 25 Nov, 202620 daysValue £70.00kSource Find a TenderThe British Council invites proposals to conduct a market intelligence study titled Mapping the Research and Innovation Ecosystem in Selected North African Countries Priorities Actors and Uk Partnership Opportunities covering Algeria Egypt Morocco and Tunisia
Ireland West SDZ Designated Activity Company DAC is seeking consultancy services to support the development of an Aviation Circular Economy Hub at Ireland West Airport Knock.
Location: IrelandBuyer: Mayo County Council
Open tenderCloses 24 Nov, 202619 daysValue €125.00KSource TEDMCC are publishing this competition on behalf of Ireland West SDZ Designated Activity Company. The brief is to undertake the market validation, technical, commercial and operational planning development work necessary to establish the proposed Hub’s viability. The tenderer shall identify an appropriate operating model
Westgate Vision 2040 - Multi-Disciplinary Design Team (MDDT) Consultancy Service
Location: IrelandBuyer: Louth County Council
Open tenderCloses 25 Nov, 202620 daysValue €900.00KSource TEDDelivery of detailed design, tender and management of construction phase to handover for Westgate Vision Public Realm Scheme Character Area 1 and 2
Large Grants Due Diligence Framework
Location: ScotlandBuyer: Scottish Enterprise
Open tenderCloses 7 Dec, 202632 daysValue £800.00kSource Find a TenderScottish Enterprise is seeking to appoint suppliers to a 2-lot framework (single supplier per lot) to deliver due diligence assessment services (covering technical and financial evaluation) in support of applications to Scottish Enterprise for grant funding from businesses based (or looking to set up) in Scotland. This
Contract for Education and Outreach Programme Management Services
Location: IrelandBuyer: Department of Culture Communications Sport
Open tenderCloses 11 Dec, 202636 daysValue €320.00KSource TEDThe National Archives has been very successful in recent years in broadening the understanding of our role as the keeper of the records of the State amongst the general public. This enhanced public engagement has seen more people visit the National Archives online and in person(outside of the usual academics and resear