HMRC forced to revisit 'unrealistic' restructuring plan

Timeline and cost "unrealistic", NAO says

clock • 2 min read

HM Revenue & Customs' plans for restructuring were "unrealistic", forcing the tax man to reconsider its options, the government's spending watchdog has said.

The National Audit Office said HMRC was reconsidering the scope and timing of its plans to replace 170 local offices with 13 regional centres. According to the FT, the total cost of the estate over the next decade has risen by an estimated £600m — or a fifth — since 2015, mostly because of the buildings' higher than expected running costs. Head of the National Audit Office Amyas Morse urged HMRC to reconsider its plans for moving to regional centres. "It should step back and consider whether this strategy still best supports its wider business transformation and will deliver the susta...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Investment platform TILLIT to shut down

Investment platform TILLIT to shut down

No new accounts can be opened and it will close on 12 September

Sorin Dojan
clock 26 June 2025 • 1 min read
First Wealth on hunt to acquire like-minded financial planning firms

First Wealth on hunt to acquire like-minded financial planning firms

Follows significant financial backing from Marlborough

Jenna Brown
clock 24 June 2025 • 5 min read
Openwork in growth push with partner firm Milecross acquisition

Openwork in growth push with partner firm Milecross acquisition

Makes first investment into one of its partner firms

Jenna Brown
clock 19 June 2025 • 2 min read