The UK/Dominica tax information exchange agreement signed in March 2010 entered into force on 23 December 2011.
The MARD Regulations, SI 2011/2931, give effect to the EU Mutual Assistance in Recovery Directive, Council Directive 2010/24/EU (‘MARD’).
They supplement FA 2011 Sch 25 relating to mutual assistance between EU member states for the recovery of claims.
Richard Clarke provides his top five developments of 2011
HMRC is seeking evidence of the potential impact of withdrawal of five tax reliefs currently provided by concession. Data is requested by 30 November 2012.
Malcolm Pengelly answers a question on discovery assessments.
HMRC is reminding caravan site owners and their customers that three extra statutory concessions are to be withdrawn with effect from January 2012.
Following a recent HMRC briefing for professional advisers, Aileen Barry reviews the terms of the draft UK/Swiss Agreement, speculates as to how HMRC will interpret it and how the Swiss banks will implement it, and considers what the actual outcome will be
HMRC’s top tax official has written to MPs setting out the department’s view of the law surrounding the disclosure of taxpayer information to a Parliamentary committee.
HMRC is reminding employers that from April 2012 they may be asked to provide security where there is a risk of deliberate non-payment of PAYE tax and NICs. HMRC can already request a security for VAT.