HMRC have reminded taxpayers who wish to make a disclosure under the Plumbers Tax Safe Plan that they must notify HMRC by 31 May.
HMRC are set to begin a six-month trial of a new, single compliance process for enquiries across a range of taxes.
Richard Clarke and Jessica McLellan provide this month’s update on recent HMRC activity
‘Britons with billions of pounds hidden in Switzerland will pay tax at 50% under a groundbreaking deal that will legitimise their undeclared assets, according to a source familiar with negotiations between the Swiss and British governments.
Tony Spillett sets out a ten-point plan to establish and maintain a good working relationship with HMRC
‘HMRC is under fire from tax advisers for starting trials on a new clampdown on bad record keeping by SMEs without telling them. Around 1,200 SMEs are being initially targeted in a programme aimed at checking the records of 200,000 of them over the next four years …
Ray McCann and Cathya Djanogly review recent case law which suggests that HMRC have been applying the penalty legislation too rigidly
Revenue & Customs Brief 14/11 explains how FA 2010 Sch 10 allows for a higher penalty, of up to 200%, where people fail to declare income or gains arising offshore.
Revenue & Customs Brief 15/11 explains that HMRC have changed their approach to the operation of the FA 2007 Sch 24 para 8 ‘delayed tax’ provision.