A change to the UK-Swiss tax agreement signed last October provides for an increase in the maximum rate of the one-off payment from 34% to 41%.
HMRC’s latest Agent Update includes articles on the PAYE Real Time Information pilot, the e-marketplaces campaign and record-keeping apps for small businesses, as well as summaries of tax consultations and other developments.
HMRC has updated five of the toolkits designed to help reduce common errors in the completion of tax returns:
HMRC has reminded employers that their annual returns of employees’ tax and NICs for 2011/12 must be sent online to HMRC by 19 May.
Coutts has appointed Steve Griffiths as Head of Tax & Wealth Structuring. He joins from Credit Suisse.
Clause 3 (personal allowance for 2012/13 for those aged under 65), clause 5 (main rate of corporation tax for financial year 2012) and clause 6 (corporation tax charge and main rate for financial year 2013) of the Finance Bill were agreed by the Public Bill Committee on 26 April.
Having removed 130,000 people from self assessment because they no longer need to complete a tax return, HMRC has sent daily penalty notices to almost 12,000 of them in error.
PKF has appointed Peter Gouw as a Tax Partner in its Glasgow office. He joins the firm from KPMG.
Tax Justice Network says the current regime for taxing multinationals is ‘not fit for purpose’