Company submitting unsigned accounts
HMRC have released two new toolkits for tax agents, providing guidance on areas of possible error in tax returns.
The new toolkits cover company losses and chargeable gains for companies.
The value of the retail prices index for March 2011 is 232.5.
HMRC are reminding companies and organisations that from 1 April 2011 they must submit returns online (for any accounting period ending after 31 March 2010) and pay any corporation tax electronically. See:
James Bullock reviews the Budget 2011 Tax Proposals
The Tackling Tax Avoidance strategy document is a useful summary of how HMRC are trying to strangle tax avoidance at birth, and if that does not work how it will hunt down avoiders and ultimately put them through costly litigation.
The European Commission has proposed an optional ‘one-stop-shop’ system allowing companies to consolidate all profits and losses arising across the EU and file a single tax return.
Nick Watson provides his view on the choices companies are making with regard to iXBRL
Richard Needs provides his view on the choices companies are making with regard to iXBRL