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

SJP, Quilter and AJ Bell shares hit after AI tax planning tool launch

SJP, Quilter and AJ Bell shares hit after AI tax planning tool launch

Wealth managers’ share prices sink after reveal from US-based Altruist Corp

Isabel Baxter
clock 11 February 2026 • 3 min read
Evelyn Partners/Natwest deal a harbinger as banks eye 'lucrative' advice returns

Evelyn Partners/Natwest deal a harbinger as banks eye 'lucrative' advice returns

May spur firms on to seek 15x EBITDA

Isabel Baxter
clock 10 February 2026 • 3 min read
Natwest CEO outlines financial planning focus following Evelyn Partners deal

Natwest CEO outlines financial planning focus following Evelyn Partners deal

Also highlights ‘significant’ Bestinvest opportunity

Isabel Baxter
clock 09 February 2026 • 4 min read