HMRC has updated five of the toolkits designed to help reduce common errors in the completion of tax returns:
Taxpayers who have not filed their 2010/11 tax return online by 30 April will face new daily penalties from 1 May, in addition to the fixed £100 penalty.
Anne Powell explains the background to the changes and their impact.
HMRC requested comments by 11 May on a draft statutory instrument to amend regulations to allow investors in PAIFs to exchange their units in a dedicated PAIF feeder fund for units in the PAIF and vice versa, in specified circumstances, without incurring a capital gains tax charge.
'We’re capping benefits and these figures clearly show why it’s fair to cap tax reliefs for the wealthy as well,' says Treasury
Tax relief is not a primary motive for charitable donations, say philanthropists
‘David Davis has put himself at the forefront of a growing revolt over the government's plans to limit tax relief on charitable donations. The influential Conservative backbencher said the government should rethink the plans.
Lakshmi Narain sets out some key tax issues for advisers to consider this month.
Paul Howard explains how relief under TCGA 1992 s 165 applies to a gift of shares.