Robert King examines the tax traps SMEs fall into and how to avoid them
HMRC are seeking views on how to ensure that genuine losses incurred in business or employment are relieved against income or gains while deterring taxpayers from entering into tax avoidance arrangements intended to exploit the reliefs.
Carolyn Steppler reviews the proposed changes to the remittance rules
HMRC will not issue national insurance number cards to adults from next month. Adults who need a national insurance number for the first time will receive the number in a letter from the Department for Work and Pensions.
The Office of Tax Simplification is to examine the complexities surrounding share schemes and pensioners’ taxation, having identified these areas as having the potential to benefit a significant number of taxpayers, tackle legislative complexity and streamline tax administration.
HMRC are offering employers who have utilised Employee Benefit Trusts and similar arrangements the opportunity to resolve outstanding enquiries without recourse to litigation. Adam Craggs considers whether employers should take up this opportunity.
HMRC have a dedicated post room for receipt of paper forms P11D & P11D(b) for 2010/11:
HMRC have announced changes to the advisory fuel rates to be used by employers reimbursing employees for business travel in their company cars.