HMRC have requested comments by 12 May on draft secondary legislation to extend collection of tax arrears via PAYE codes to all tax debts with effect from April 2012.
HMRC’s Pension Schemes Newsletter Number 46 includes articles on scheme sanction charge assessments; changes to the penalties regime; the restriction of pensions tax relief; and ‘disguised remuneration’.
The Social Security (Reduced Rates of Class 1 Contributions, Rebates and Minimum Contributions) Order, SI 2011/1036, sets out revised rebate rates for national insurance contributions which will apply in respect of members o
The government is to close with effect from 6 April 2011 an ‘unintended tax loophole’ for UK residents transferring pension savings overseas, the Treasury announced.
HMRC guidance on trust management expenses has been ‘substantially rewritten’ in the light of the Court of Appeal decision in HMRC v Trustees of the Peter Clay Discretionary Trust [2009] STC 469.
The Tax Credits Up-rating Regulations, SI 2011/1035, change from 6 April the various elements and thresholds for child tax credit and working tax credit. Several changes will result in tax credits being reduced for some clai
Revenue & Customs Brief 18/11 sets out HMRC's current view on inheritance tax issues associated with employee benefit trusts. It ‘supersedes and amplifies’ Revenue & Customs Brief 61/09.
The Child Trust Funds (Amendment No. 2) Regulations, SI 2011/992, relax in some circumstances the requirement for CTF providers to issue annual statements.
HMRC released two new toolkits for tax agents last week, providing guidance on areas of possible error in tax returns.