- Advantages and Disadvantages of Merger Between Inland Reve...
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.