Pinsent Masons reports
Taxpayers who did not file their personal tax return on time, because they had not allowed enough time to receive their ID, password and activation code from HMRC, may be able to avoid a penalty.
HMRC has published draft legislation which identifies 11 ‘threshold’ conditions targeting specified behaviours by promoters of tax schemes, and provides for a ‘conduct’ notice to be issued to those promoters.
The Finance Bill 2014 will contain provisions which will have effect from 30 January 2014 in relation to arrangements entered into on or after that date.
Taxpayer’s negligence in completing a tax return
Existence of a compromise agreement
Billal Malik says tribunals are becoming stricter on time limits
Jason Collins reports on HMRC’s draft legislation and further consultation on tackling marketed avoidance schemes
Jackie Wheaton answers a query on the tax treatment of legal costs of an out of court settlement.
The response of the UK’s top income tax payers to the shadow chancellor’s announcement that a Labour government would reintroduce the 50% rate could have ‘big implications’ for tax revenues, the Institute for Fiscal Studies (IFS) has warned.