The Alternative Dispute Resolution (ADR) service is now available to ‘all customers nationwide’, HMRC announced yesterday.
‘We thought it worth posting the full letter from Bob Diamond, Barclays chief executive, to Andrew Tyrie MP, Treasury Committee chairman, regarding HMT’s blocking of two tax schemes (one on buybacks of debt). This involved a rare use of retroactive legislation ...
Work on tax agent engagement and standards is being ‘slowed down’ to acknowledge concerns expressed by agents and their representative bodies, HMRC said in the latest issue of Working Together.
The Chartered Institute of Taxation and the Institute of Indirect Taxation (IIT), a professional body formed in 1991 whose members include solicitors, barristers and accountants specialising in indirect taxation, are to merge. The CIOT has 16,000 members and the IIT has approximately 600.
Members of the CIOT’s Low Incomes Tax Reform Group received four of the awards presented at last week’s LexisNexis Taxation Awards.
Barclays has complained to MPs that it was ‘singled out’ when the government announced retrospective legislation in February to impose a tax liability on what the bank described as a ‘tax-efficient’ repurchase of some of its debt.
The Public Bill Committee on the Finance Bill met on 24 May and the following clauses were agreed without amendment:
HMRC has updated three of the toolkits designed to help reduce common errors in the completion of tax returns:
The government’s proposed legislation to ensure that ‘controlling persons’ working for an organisation have PAYE income tax and NICs deducted at source will not change anything in practice, according to one expert.
The union representing senior HMRC staff said last week's report by the Public Accounts Committee should have 'gone further' and highlighted the need to invest in HMRC in order to collect more tax.