Longer legislation written in plain English can be clearer and easier to use, and the length of the legislation does not generally add to complexity, the Office of Tax Simplification has found.
The BBC’s Today programme broadcast an apology to Sir Philip Green this morning, following Monday’s interview with David Cameron in whi
Clause 2 (basic rate limit for 2012/13) of the Finance Bill was agreed yesterday by the Public Bill Committee.
Taxpayers who have not filed their 2010/11 tax return online by 30 April will face new daily penalties from 1 May, in addition to the fixed £100 penalty.
HMRC has worked with BASDA and independent software developers to facilitate the development of record-keeping apps that are intended to ‘help small businesses and the self-employed who are below the [£77,000] VAT threshold maintain good records and estimate what their tax liability might be’.
‘[George Osborne] described “aggressive” tax avoidance as “morally repugnant”. He was right to do so ... ‘[Cameron and Osborne] need to see through the logic of what they have started.
SMEs can now apply online to use the Alternative Dispute Resolution (ADR) facility, HMRC announced.
Applicants can expect to hear back from HMRC ‘within 30 days’. Taxpayers are invited to call HMRC instead if there are ‘exceptional circumstances which prevent you from applying online’.
HMRC has published or updated the following guidance:
Air passenger duty
HMRC has launched its business tax dashboard, an online service aimed at smaller businesses that enables the taxpayer to see the tax position across different business taxes. The service is not available to tax agents.
A tax information exchange agreement between the UK and Liberia, signed in London in November 2010, entered into force on 30 March 2012.