The PAYE ‘coding out’ limit for tax underpayments remains at £2,000 for 2010/11 tax returns, but HMRC has invited agents to contact the department to discuss the possibility of arranging coding adjustments for up to £3,000.
Personal online tax accounts and pre-filled tax returns could ‘transform’ people’s experience of the tax system and improve their understanding of what they pay, under proposals unveiled at a Downing Street press conference today.
The 2013 deadline for the introduction of Real Time Information, a new PAYE reporting system, will require substantive employer tax and HR systems changes, say Mark Groom and Eira Smith.
Technical guidance on the FA 2011 rules on employment income provided through third parties has been added to HMRC’s Employment Income Manual. The guidance supersedes HMRC’s published FAQs.
Guidance for taxpayers who are about to be told that they owe tax for 2010/11 has been published by the CIOT’s Low Incomes Tax Reform Group.
In light of the judgment, Patricia Mock and Bill Dodwell look at what it means for HMRC powers regarding extra-statutory concessions and contending residency, and legitimate expectation
Jo Summers reviews alternatives for HNWI and non-dom clients to structure remuneration packages, in light of the new disguised remuneration rules
‘The PAYE story is a better one than when we looked at it six months ago and we welcome that – it is a better place to be in,’ the Chairman of the Commons Public Accounts Committee told David Hartnett, HMRC’s Permanent Secretary for Tax, on 17 October.