Jim Ferguson, Head of the Review of HMRC’s Powers, wants to reassure agents about the new dishonest tax agents legislation.
Chris Bates and Judy Harrison review the decision of the First-tier Tribunal in Eclipse 35 in which it was held that a film leasing partnership was not trading.
HMRC seeking penalty for incorrect share loss relief claim
Recent revelations that 2,000 plus civil servants have been engaged via personal service companies has created a major debate over these types of arrangements in government and the private sector.
Attacks on HMRC for making 5.1m ‘errors’ in people’s tax for 2011/12 are unfounded, the CIOT’s Low Incomes Tax Reform Group has warned. HMRC announced last week that around 3m taxpayers were about to receive tax refunds, ‘two months earlier than last year’.
The CIOT technical team has published an update stating that HMRC has confirmed that letters sent to taxpayers, requesting further information from those who have decided to pursue 'Mansworth v Jelley' CGT loss claims based on its 2003 guidance, do not constitute 'decisions' which trigge
Steve Lamey, Benefits and Credits Director General, is to leave HMRC in July to join the IT services company Kelway as Chief Operating Officer. Lamey was HMRC’s Chief Information Officer between 2004 and 2007, when he became Chief Operating Officer.
‘Supporters of a financial transaction tax have a strong ally in the new French president, François Hollande, who wants to recycle the revenue raised from the so-called Tobin tax into growth-enhancing investment projects.
An updated Notice 727: Retail Schemes is available. HMRC has also updated the Chinese, Japanese, Arabic and Spanish versions of its Notice 704/1: Tax free shopping in the UK. The foreign language versions have the title VAT refunds for travellers departing from the EC.
Senior tax officials from OECD countries met in Montreal to discuss recent ‘unintended double non-taxation’ due to the use of hybrid mismatch arrangements.