Source · Select Committees · Public Accounts Committee
Recommendation 32
32
HMRC told us that it aims to reduce the compliance burden on customers by automating...
Conclusion
HMRC told us that it aims to reduce the compliance burden on customers by automating the collection of data. It said that this will allow it to assess risks across businesses more accurately and so avoid investigations in the future. HMRC also told us that the introduction of the international controlled transactions schedule, which will capture information from businesses about their cross-border transactions and is expected to take effect from January 2027, will enable it to target its work more effectively. 46 C&AG’s Report, para 1.8 47 Q 43 48 Q 41 49 Q 39 50 Qq 33-34; C&AG’s Report, para 2.11 51 Q 34 16 HMRC hopes this will promote compliance at the earliest opportunity and thereby help to reduce the amount of large-scale information requests it sends to large businesses.52 52 Q 34; HM Revenue & Customs, International Controlled Transactions Schedule (ICTS), November 2025 17