Select committee: Public Accounts Committee
Conclusion 32
9th Report - Large business tax compliance
Published 10 Jul 2026
Addressed to HM Treasury
Public Accounts Committee Large business tax compliance All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
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
From: Public Accounts Committee, 9th Report - Large business tax compliance (HC 86), 10 July 2026
Government response
The government responded to the whole report on 1 October 2026 (deadline 10 September 2026).