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.
Three quarters of private businesses interviewed by PwC for a recent survey said the UK tax regime was unsupportive of enterprise, the firm announced.
Twelve million working-age benefit and tax credit claimants will be moved to universal credit in three phases over four years, Iain Duncan Smith announced.
Non-domicile status
Around 6m children are eligible for a Junior ISA, available from 1 November at a range of high street institutions, HM Treasury said.
A 200-strong team of investigators and specialists is targeting ‘wealthy tax cheats’ who own property abroad, HMRC said. Danny Alexander, the Chief Secretary to the Treasury, announced the creation of the ‘affluent’ unit at the recent Liberal Democrat conference.
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