Committee of Public Accounts Press Notice

A STATEMENT FROM EDWARD LEIGH MP

CHAIRMAN OF THE COMMITTEE OF PUBLIC ACCOUNTS

National Audit Office report: Helping newly registered businesses meet their tax obligations

New businesses are vital to the economy and we should do all we can to help them navigate successfully through the tax and regulation minefield. I am therefore heartened to see that HMRC is looking at ways to direct its help at those new businesses that need it most.

But there is more to be done and it is of concern that the Department doesn’t have a coherent way of looking at the entire tax affairs of an individual business. Streamlining how businesses have to register for taxes and using a single business tax reference number is likely to help businesses and save money in the long term.

Overall, the message from today's report is clear: helping new businesses to get their tax affairs right from the start makes plain sense and will save money for both businesses and HMRC itself. By encouraging new businesses to manage their tax affairs effectively, they are likely to learn a lesson for life.

Ends

Notes for Editors

Requests for further comment from Edward Leigh should be made via Luke Robinson, Select Committee Media Officer, on 020 7219 5693 or 07917 488549.