With effect from 9 August any payments directed to HMRC’s Bank of England accounts will be rejected by the banking system and returned to the payer’s account, HMRC announced.
A leading professional body has cast doubt over whether HMRC have the resources or capability to improve service standards, after a committee of MPs found ‘considerable dissatisfaction’ with HMRC’s service to taxpayers and benefit claimants.
Administering tax has become the top regulatory burden for small business owners, according to research conducted by the Forum of Private Business.
Around 500,000 taxpayers are affected by a delay in issuing paper self assessment statements, HMRC said as they announced that those affected will not be charged interest if they make their second payment on account for 2010/11 within 30 days of receiving the statement.
Draft, detailed guidance on HMRC’s ‘refreshed’ Litigation and Settlements Strategy will be published shortly, HMRC have told Tax Journal.
HMRC have launched their fourth tax evasion task force in three months, declaring that ‘there is a problem with some fast food outlets deliberately falsifying their records and mis-declaring their true sales levels’.
Dave Hartnett, Permanent Secretary for Tax at HMRC, explains HMRC’s thinking behind their refreshed statement [expected to be released on 15 July] of the core LSS principles