HMRC has launched an Alternative Dispute Resolution service for SMEs, in an effort to resolve disputes ‘much earlier’ than at present and reduce compliance costs.
HMRC has reminded taxpayers completing an online tax return for the first time that they need to register for online filing.
HMRC is now accepting payments under the Faster Payments Service (FPS), which allows taxpayers to make faster electronic payments, typically via internet or telephone banking, “enabling them to be processed on the same or next day”.
HMRC has begun a detailed review of its business records checks programme, having recognised that the project would have benefited from more detailed consultation.
The MARD Regulations, SI 2011/2931, give effect to the EU Mutual Assistance in Recovery Directive, Council Directive 2010/24/EU (‘MARD’).
They supplement FA 2011 Sch 25 relating to mutual assistance between EU member states for the recovery of claims.
HMRC updated its list of documents relating to the review of powers to include summaries, published on 6 December 2011, of responses to the consultation documents:
Paul Morton reviews the top five tax developments in 2011 affecting in-house teams.
‘Up to ten companies are facing a judge-led investigation into their tax settlements amid growing concern over the way Revenue & Customs polices the City.
Recruitment for HMRC's voluntary advance assurance pilot has closed due to a high demand for limited places. The specialist R&D relief units continue to offer support and assistance, and will be happy to answer any questions about R&D relief claims, HMRC said.