The Taxes, etc. (Fees for Payment by Telephone) Regulations, SI 2012/689, increase to 1.5% the fee payable to HMRC in respect of credit card payments authorised by telephone.
Age-related tax allowances, the taxation of savings and ‘convoluted’ PAYE forms have been identified by the Office of Tax Simplification as the areas of the tax system that cause the most problems for pensioners.
Should publicly listed companies continue to enjoy full confidentiality in respect of their tax affairs?
Jolyon Maugham gives some pointers on applying legitimate expectation in practice.
There is ‘no commercial confidentiality argument’ against publication, says David Davis
A major programme to improve the way HMRC tackles tax evasion delivered £4.32bn of additional tax yield between 2006 and 2011, according to the National Audit Office, but HMRC ‘is not yet exploiting the full potential’ of new capabilities including the use of ICT systems to detect evasion.
Chris Morgan provides this month’s briefing on international matters, including the latest on FATCA developments.
Real Time Information (RTI) is ‘on track and proceeding well’, according to HMRC, but the ICAEW Tax Faculty has warned that the proposed timetable is ‘unrealistic’. It is ‘alarming’, the Faculty said last week, that there are ‘so many [issues which] are unresolved’.
HMRC will issue 850,000 penalty notices during the next fortnight for late filing of tax returns. A record 90.4% of taxpayers filed on time this year.