HMRC is seeking views on draft amendments to the PAYE, NIC and CIS regulations in readiness for the introduction of ‘real time information’ (RTI).
Malcolm Pengelly answers a question on discovery assessments.
Employers and tax and payroll professionals were invited to help the government explore options for the operational alignment of income tax and national insurance contributions, after a recent call for evidence drew more than 70 responses and suggested a ‘clear appetite’ for reform.
The PAYE ‘coding out’ limit for tax underpayments remains at £2,000 for 2010/11 tax returns, but HMRC has invited agents to contact the department to discuss the possibility of arranging coding adjustments for up to £3,000.
A former policeman was jailed for his part in an attempted £330m VAT fraud, the largest of its kind in the UK. Nigel Cranswick and five others were caught by HMRC investigators after claiming that their new business Ideas 2 Go Ltd sold more than 6m mobile phones in eight months.
Personal online tax accounts and pre-filled tax returns could ‘transform’ people’s experience of the tax system and improve their understanding of what they pay, under proposals unveiled at a Downing Street press conference today.
‘Business is “seriously concerned” about the risk of a backlash from the handling of tax avoidance disputes, according to the CBI, as it stepped into a row over the Revenue’s dealings with big companies.