In this month's briefing, Helen Lethaby reviews recent developments including proposed changes to the rules on the deduction of income tax at source and the tax treatment of manufactured payments.
HMRC is one of ten employers engaged in the department’s Real Time Information pilot launched yesterday. All employers and pension providers will be required by October 2013 to provide PAYE information during the year.
‘The row between charities and the government over cuts to tax relief deepened on Tuesday after Downing Street suggested that some wealthy people were abusing the system.
A union representing senior HMRC staff has questioned the government’s commitment to tackling ‘tax avoidance by big business and the wealthy’.
HMRC has published its guidance on the litigation and settlement strategy relaunched last July. The draft guidance was well received, HMRC said, with ‘very few comments on the actual material’.
‘Rotten to the core’
HM Treasury has published a ‘non-exhaustive list’ of changes made to draft legislation on controlled foreign companies between the February 2012 update and the Finance Bill published on 29 March.
HMRC has updated its list of concessions previously operated by the Inland Revenue.
The Chancellor has told the Daily Telegraph that he was ‘shocked’ to see that some the UK’s wealthiest people have organised their tax affairs, within the
Wealthy homebuyers have already found ‘loopholes’ to avoid paying the new top rate of stamp duty land tax, the Financial Times reported at the weekend.