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Reviewing the effectiveness of the current offshore penalties regime

H M Revenue & Customs Published 20 Jul 2023 Contracts Finder
The value below is a framework or dynamic market ceiling: the maximum that could be spent across all call-offs, not the value of a single contract. Aggregate figures on this site exclude these to avoid double counting.

key details

Value£198,000
Statuscomplete
Category (CPV) 73110000
Deadline1 Jun 2023
Contract start3 Jul 2023
Contract end2 Jul 2024
Procedureselective
SME suitableYes
OCIDocds-b5fd17-160437ab-07c1-4727-894b-a5a8073d87a2

Award

SupplierValueDateStatus
KANTAR PUBLIC UK LIMITED £198,000 25 Jun 2023 active

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

notice history

2 notices published against this procurement.

PublishedTypeRegimeNotice
19 Jul 2023 Award (award) · d85ab7cc-6ff8-470f-b5c5-57523d5e43f7-663966
20 Jul 2023 Award update (awardUpdate) · d85ab7cc-6ff8-470f-b5c5-57523d5e43f7-664335

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