An optional, ‘simplified’ approach to valuing cycles sold to employees after the end of a loan period is set out in a new paragraph EIM21667a of HMRC’s Employment Income Manual.
The ‘vast majority’ of large business ‘customers’ surveyed last autumn rated the overall service provided by HMRC as very good or fairly good, according to research conducted by TNS-BMRB, part of BMRB Limited.
Big Four firms accounted for 92 of the 177 disclosures of schemes promoted by accountancy firms in the two years to 30 September 2009, according to figures released by HMRC following a ruling by the Information Commissioner.
HMRC is to launch six additional toolkits in the next two months, setting out how agents can reduce the likelihood of mistakes occurring in the preparation of clients’ tax returns.
The US has and the UK is considering enacting an anti-avoidance statute. Don Korb and Aditi Banerjee provide a comparison of both countries’ anti-avoidance case law which may be useful in understanding these rules
Peter Kempster examines the scope for a form of alternative dispute resolution within the tax tribunal system
Richard Clarke and Jessica McLellan explain why any taxpayer with current cross-border activities should be aware of the new penalty regime for offshore funds
James Bullock gives a practitioner’s perspective on the future of alternative (or collaborative) dispute resolution
A new partnership with debt collection agencies will ensure that taxpayers who ‘simply refuse to pay’ will be pursued, said Nick Lodge, HMRC Director of Debt Management and Banking.
The draft Tax Avoidance Schemes (Penalty) (Amendment) Regulations 2010 amend SI 2007/3104, which increased from £600 to £5,000 per day the maximum penalties for failure to comply with certain disclosure obligations where the tribunal has made a disclosure order, to prescribe similar increased max