Hugo Webb explains why IHT can be an unexpected issue for the buyer in the context of a share sale, and what can be done about it
HMRC are now issuing P800 tax calculations for 2010/11. They are prioritising overpayments, and plan to contact those who have paid too little tax under PAYE later in the year. Guidance is available at www.hmrc.gov.uk/p800.
Payments made under the Equitable Life Payment Scheme are to be free of tax and disregarded for tax credits purposes.
Around 500,000 taxpayers are affected by a delay in issuing paper self assessment statements, HMRC said as they announced that those affected will not be charged interest if they make their second payment on account for 2010/11 within 30 days of receiving the statement.
The Registered Pension Schemes (Provision of Information) (Amendment) (No.2) Regulations, SI 2011/1797, make amendments to SI 2006/567 to reflect FA 2011 changes to the pensions tax regime.