The latest edition of HMRC’s ISA Bulletin contains articles on junior ISAs, annual returns and applications for approval as an ISA manager.
HMRC has begun issuing 2012/13 coding notices that include a restriction to collect tax underpayments, or tax credit overpayments, amounting to less than £3,000.
HMRC has published draft guidance on the application of regulations to allow individuals aged 60 or over with personal pension pots of £2,000 or less to commute a maximum of two such pots in a lifetime.
Wendy Walton reviews the most important developments in 2011 relating to the taxation of private clients
The Income Tax (Indexation) Order, SI 2011/2926, sets out new tax rates, limits and allowances for 2012/13.
The Tax Credits Act 2002 (Further Commencement and Transitional Provisions) Order, SI 2011/2910, defers to 31 December 2014 the abolition of certain benefits set to be replaced by child tax credit.
HMRC has updated its FAQs on the agreement signed on 6 October.
The telephone numbers for HMRC's tax credits helpline have been changed. The main number for tax credits queries is 0345 300 3900. The new textphone number is 0345 300 3909.
Callers will be still able to use the old numbers, beginning 0845, for about the next 18 months.
Leading tax professionals comment on the key draft measures