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CORPORATE TAXES


A redeployment of resource to ‘higher priority work’ will affect turnaround times until the end of October for the processing of paper forms 64-8 and registrations for self assessment and self-employment, HMRC announced.

The value of the retail prices index is:

  • 224.1 for June 2010, and
  • 223.6 for July 2010.
     

HMRC is to host two free exhibitions for software vendors to showcase products and services to support online filing of company tax returns using the new iXBRL standard for accounts and computations.

The ‘vast majority’ of large business ‘customers’ surveyed last autumn rated the overall service provided by HMRC as very good or fairly good, according to research conducted by TNS-BMRB, part of BMRB Limited.

Transfer pricing enables some companies with overseas ownership to gain an unfair advantage, some participants in a recent survey of larger businesses observed.

‘There's absolutely no question of HMRC softening its approach to tackling avoidance, and HMRC will continue to ensure that everyone pays the right tax,’ a spokesman told Tax Journal after reports suggested that tax officials were to take a softer stance on avoidance.

The OECD announced the approval of the 2010 versions of its model tax convention, transfer pricing guidelines and report on the attribution of profits to permanent establishments.

Catherine Robins considers the impact for employers of the income tax and national insurance changes announced in the emergency Budget

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