‘HMRC has said that more than 1,300 employers will join its real time information pilot (RTI) for PAYE between now and September 2012.
HM Treasury is consulting on a proposal to create Decommissioning Relief Deeds specifying the levels of tax relief that companies will receive on the costs of decommissioning used assets in the North Sea.
HMRC is seeking views on the impact of changing the tax credits appeals process to mirror planned changes to the appeals process at the Department for Work and Pensions.
The draft general anti-abuse rule set out in HMRC’s recent consultation document incorporates all the main principles that Graham Aaronson’s study group considered appropriate for a fair and effective GAAR, Aaronson has said in a letter to David Gauke, Exchequer Secretary.
Tax experts have expressed surprise at the government’s proposal to require taxpayers completing self assessment returns to consider whether any of their tax arrangements were ‘abusive’.
HMRC’s ‘Tax Return Initiative’, aimed at taxpayers who have outstanding self assessment returns for 2009/10 or earlier, has prompted tax professionals to repeat calls for a general disclosure facility open to all taxpayers.
HMRC expects to recover £30m from compliance activity by new taskforces tackling evasion among Scottish pubs and nightclubs; hair and beauty businesses in Northern Ireland; the motor trade in South Wales, the South West, Yorkshire, Nottinghamshire and the North East; and restaurants in South Wale
HMRC proposes to add a ‘taxpayer responsibilities’ test to extra-statutory concession A19 that would require taxpayers to have ‘a certain basic level of knowledge’ about their tax affairs.
The Finance Bill as amended at Report Stage in the House of Commons is available on the Parliament website. The PDF (10Mb) has 704 pages. There are 229 clauses and 39 schedules.
Chartered accountants at odds over ICAEW chief's missive