RPC, the City law firm, says that HMRC is increasingly using ‘nudge’ letters to circumvent the normal dispute resolution process and put pressure on individuals currently engaged in a dispute with the taxman.
HMRC has released a report Qualitative Research with People Convicted of Tax Evasion, about the behaviour and experiences of people who have been convicted of tax evasion.
HMRC is consulting informally on a draft of its new guidance manual on the Common Reporting Standard (CRS) for automatic exchange of financial account information from 2017, as implemented by the EU Directive on Administrative Cooperation.
HMRC has added Spotlight 26 on contractor loan schemes to its target list of tax avoidance schemes. These were first highlighted in Spotlight 12.
HMRC have published an updated version of Statement of Practice D12: Partnerships. Originally issued in January 1975 this update on the capital gains tax treatment of partnerships sets out points of general practice, including the concept of limited liability partnerships as enacted by
The Government has published responses to the consultation on a public sector exit payment cap. The Government will now go ahead with the £95,000 cap via legislation, although this figure will be kept under review.
HMRC has also published the following on the gov.uk website:
Wrong type of information notice issued
Financial secretary to the Treasury David Gauke has announced that HMRC ‘collected £1bn in tax payments from users of tax avoidance schemes’ as a result of the accelerated payment regime introduced last year.
The PAC held an evidence session (www.bit.ly/1Qho8X4) on fraud and error stocktake on Monday 14 September.