The Commons Treasury Committee, chaired by Sir Michael Spicer, heard that allowing companies to submit a single annual financial statement to the Revenue and Customs would eliminate much of the paperwork currently overwhelming businesses.
Additionally, PricewaterhouseCoopers indirect tax partner Mike Fountain said Customs had a culture of seeking to maximise tax collected rather than simply collecting tax that is legally due.
This means Customs officers are unwilling to negotiate sensibly and view transactions commercially, he added.
Fountain also warned against a merger of Customs with the Revenue due to the number of pressures on tax authorities for the foreseeable future.
'We would recommend the continued development of closer co-operation between the various tax authorities rather than merger. Due to the number of pressures on tax authorities at the moment and in the foreseeable future, it would not be practical to request them to undertake a merger,' Fountain said.
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