McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

Advantages and Disadvantages of Merger Between Inland Revenue and Customs

In theory and practice, the key to a successful merger is bringing together similar and compatible cultures. The two industries are different in style: Inland Revenue is seen to have more of a human face, whereas Customs is not seen as favourable in the eyes of most business people and accountants.

 

"to look at all the issues relating to the new legislation that will be needed. It is a unit that will coordinate activity across the three departments to make sure that we come up with legislation that will then be put to parliament in the normal way. They are working very closely with colleagues in Revenue and Customs to look at the existing information legislation and what are the possible implications depending on how far one decides to go on information for the new department. These are all issues that we would just want to stress are being taken very seriously, both in terms of the potential benefits of sharing information and also the importance of preserving taxpayer confidentiality."

 

It must be stated that whatever changes are made, for the merger to be successful, the differences of the departments must be recognised and outlined, and their relevant strengths should be noted. In short, the merger of Customs & Excise and Inland Revenue to create Her Majesty's Revenue and Customs, has its disadvantages, but it would appear that these risks are outweighed by the benefits/advantages. This is the case only if management is successful in considering the various implications that are associated with the merger.

Related Links
To Top