HMRC has released an issue briefing setting out its plans for recovery of tax debts over £1,000 directly from taxpayers' bank, building society or ISA accounts, the legislation for which is now included in Summer Finance Bill 2015 (Clause 47).
HMRC has issued a factsheet CC/FS24 which outlines their power to issue notices for ‘accelerated payment’ of disputed tax liabilities in connection with tax avoidance schemes registered under DOTAS.
A new HMRC taskforce aims to recover £4.5m by targeting wealthy individuals in Scotland who appear to be living beyond their means by reference to the data HMRC holds.
The changes to the taxation of dividends proposed in the Budget seem to be worthy of rather more attention than they have received, writes Peter Vaines.
The High Court has rejected a judicial review application challenging the legality of accelerated payment notices, as well as their compatibility with human rights (Nigel Rowe and others v HMRC [2015] EWHC 2293).
The ATT has voiced concern that students studying at universities in Scotland, and who choose to stay in student accommodation during the holidays, will be treated as Scottish taxpayers according to new HMRC guidance.
Tax Journal's coverage of the Summer Finance Bill.
HMRC is consulting until 2 September 2015 on options for legislating the tax and NICs treatment of income from sporting testimonials, to replace the existing extra-statutory concession which is due to be withdrawn after 5 April 2016.