Five leading tax professionals, including HMRC's Judith Knott, took part in a roundtable discussion on UK tax competitiveness. Much of the discussion, chaired by John Overs, concerned CFC reform and the potential ‘gateway’ test to filter cases out of the regime.
The 2013 deadline for the introduction of Real Time Information, a new PAYE reporting system, will require substantive employer tax and HR systems changes, say Mark Groom and Eira Smith.
MPs are set to consider whether to ‘formally call’ for Dave Hartnett to step down as HMRC’s top tax official over his handling of disputes with large companies, The Times has reported.
Fifty-three disclosures of tax avoidance schemes were received by HMRC in the six months to 30 September 2011. There were 131 disclosures in the financial year to 31 March 2011, and 189 in the previous year.
HMRC has announced the launch of five new task forces to tackle tax evasion by:
A new HMRC leaflet is designed to help the newly self-employed budget for their first tax bill. A table ‘will show you how much money to set aside to meet your tax and Class 4 NIC bill,’ HMRC said.
HMRC has published additional guidance on completion of the stamp duty land tax return.