It may seem a little perverse to be writing an article on a tax where the chargeable period for that tax has already come to an end as it has for the bank payroll tax (BPT). However for many the work on it will have only just started as they see what has to be done to meet the 31 August deadline for paying the tax and meeting the deadline for returns. Even though the legislation has been implemented in the Finance Act 2010 much of the detail remains to be fleshed out not only in terms of who and what is caught by the tax but also in what the compliance arrangements will be.
Where are we now?
In considering these issues it is worth looking back at the brief history of the tax....
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It may seem a little perverse to be writing an article on a tax where the chargeable period for that tax has already come to an end as it has for the bank payroll tax (BPT). However for many the work on it will have only just started as they see what has to be done to meet the 31 August deadline for paying the tax and meeting the deadline for returns. Even though the legislation has been implemented in the Finance Act 2010 much of the detail remains to be fleshed out not only in terms of who and what is caught by the tax but also in what the compliance arrangements will be.
Where are we now?
In considering these issues it is worth looking back at the brief history of the tax....
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
