The challenge facing the Office of Tax Simplification became clearer today when it emerged that the UK’s tax system has more than 1,000 reliefs.
The UK and Liberia have signed a Tax Information Exchange Agreement.
Turnaround times for requests for agent authorisation, self assessment registration and self-employment registration are beginning to improve, HMRC said.
Revenue & Customs Brief 45/10 sets out changes to HMRC guidance on the meaning of dwelling-house for the purposes of CAA 2001.
HMRC has published updated guidance on the online submission of company accounts to HMRC as part of the company tax return, and the submission of full statutory, abbreviated or dormant accounts to Companies House.
The number of disclosures of avoidance schemes has fallen in the six months to 30 September 2010, according to provisional figures released by HMRC. Fifty-six disclosures were made, including 48 relating to direct taxes and NICs. There were 99 disclosures in the six months to 31 March 2010.
Improved customer service remains a strong commitment from HMRC despite the ever increasing pressure after the 2010 Spending Review. Richard Clarke and Jessica McLellan provide the analysis
Optimistic targets driving HMRC efforts to tackle fraud and error, evasion and avoidance may put unrepresented taxpayers and claimants unaware of their rights at a disadvantage, according to campaigners.
The European Commission has launched a public consultation on country-by-country reporting by multinational companies.
Three quarters of tax experts responding to a Tax Journal survey believe that HMRC budget cuts announced at the spending review are likely to be counter-productive. Only 24% of the 233 respondents to date who answered the key question indicated support for George Osborne’s decision.