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TAX POLICY ADMINISTRATION


‘Revenue and Customs workers have voted in favour of a strike in a dispute over job cuts and privatisation.

The proposed cap on ‘unlimited tax reliefs’ will not apply to donations to charity, George Osborne has announced.

More than half of taxpayers do not know how much income tax and NICs they pay in a year, HM Treasury said as it announced the launch of a new tax calculator on Monday.

Card image Tim Branston Kimberley Macdonald Mark Kennedy

Mark Kennedy and Kimberley MacDonald assess the resulting practical issues. Tim Branston (below) provides a view from business.

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.

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