Online return submitted but not received by HMRC
Reasonable excuse for non-compliance with information notices
Commentary on some of the key draft provisions published on ‘legislation day’, written by Tolley tax writers David Smailes, Andrew Flint, Claire Hayes, Dan Meredith, Ruth Newman, David Rudling and Kevin Walton, with assistance from Amber Cottrell.
HMRC has published its timeline for the introduction of digital tax accounts by April 2016 for individuals and a quarterly payment regime for all but the largest businesses by 2020.
The Scottish government announced on Wednesday 16 December that the Scottish rate of income tax (SRIT), which comes in from 6 April 2016, will initially be set at 10p in the pound - meaning that there will be no change in the rate.
The Enforcement by Deduction from Accounts (Imposition of Charges by Deposit-takers) Regulations, SI 2016/Draft, are open for consultation until 8 January 2016.
The following are being consulted on:
A poll of 100 tax professionals reveals that 92% believed that HMRC does not have sufficient resource to ensure that all due tax is paid, with 88% saying an independent review of HMRC would be helpful.