Revenue & Customs Brief 36/10 explains the factsheets that HMRC issues during a compliance check.
See www.lexisurl.com/p9uEA.
HMRC is hoping that improvements to the system for processing internet filed self assessment trust returns will persuade more people to choose to file online.
HMRC has reminded taxpayers who pay VAT by cheque via the post that they now need to post the cheque earlier to make sure it clears HMRC's bank account by the due date shown on the VAT return.
HMRC has admitted that guidance setting out when it will consider a person’s domicile, and decide whether to make a determination of inheritance tax based on that domicile, has not been working well for HMRC or taxpayers.
A redeployment of resource to ‘higher priority work’ will affect turnaround times until the end of October for the processing of paper forms 64-8 and registrations for self assessment and self-employment, HMRC announced.
A new online learning module is intended to raise awareness of HMRC’s power (contained in FA 2009 s 94) to publish the names and other details of people who are penalised for deliberately evading more than £25,000 of tax and who do not fully cooperate with a tax investigation.
HMRC has revised the guidance on its Spotlights page to make it clear that schemes disclosed under the DOTAS regulations are not HMRC approved.
HMRC has published guidance to help tax agents to manage the 31 October self assessment deadline. The guidance says:
‘If you send in a paper tax return, it must reach HMRC by midnight on 31 October. The deadline for paper tax returns is only later than 31 October if:
HMRC is to host two free exhibitions for software vendors to showcase products and services to support online filing of company tax returns using the new iXBRL standard for accounts and computations.
The August 2010 issue of HMRC’s Employer Bulletin is available via www.lexisurl.com/7hnBn and declares that www.businesslink.gov.uk is the ‘new home for HMRC guidance and transactions’.