John Cassidy examines the development of HMRC’s offshore initiatives, which are starting to show a significant return.
Tom Rowbotham provides a refresher guide to the penalty regime.
Work on tax agent engagement and standards is being ‘slowed down’ to acknowledge concerns expressed by agents and their representative bodies, HMRC said in the latest issue of Working Together.
Jim Ferguson, Head of the Review of HMRC’s Powers, wants to reassure agents about the new dishonest tax agents legislation.
A change to the UK-Swiss tax agreement signed last October provides for an increase in the maximum rate of the one-off payment from 34% to 41%.
A tax information exchange agreement between the UK and Liberia, signed in London in November 2010, entered into force on 30 March 2012.
HMRC has updated its list of concessions previously operated by the Inland Revenue.
Almost 1,000 bogus websites have been shut down and more than 200,000 bogus emails purporting to come from HMRC have been reported in the past year, HMRC said as it announced a new cyber crime team to ‘tackle tax fraud by organised criminals more proactively’.
The Data-gathering Powers (Relevant Data) Regulations, SI 2012/847, specify the data that data-holders may be required to provide to an officer of HMRC under the FA 2011 Sch 23.
The Reporting of Savings Income and Interest Payments (Data-gathering) Regulations, SI 2012/756, revoke regulations that are replaced from 1 April 2012, amend a s