The controversial deal to tackle tax evasion by UK residents holding secret accounts in Switzerland has been revised. A protocol signed in Brussels yesterday will modify the deal so it is compatible with existing EU laws on evasion, the Financial Times reported.
‘George Osborne will on Wednesday stage a tax grab on London’s booming top-end property market, in a Budget which will offer significant cuts in the taxes paid by business and low and middle income families.
Almost 1,000 bogus websites have been shut down and more than 200,000 bogus emails purporting to come from HMRC have been reported in the past year, HMRC said as it announced a new cyber crime team to ‘tackle tax fraud by organised criminals more proactively’.
Tax agents have welcomed new HMRC procedures aimed at reducing the number of employers facing penalties for late filing of annual returns.
The Data-gathering Powers (Relevant Data) Regulations, SI 2012/847, specify the data that data-holders may be required to provide to an officer of HMRC under the FA 2011 Sch 23.
Putting homes into companies to avoid stamp duty is ‘completely
HMRC should follow the Treasury Committee’s advice and establish a ‘general disclosure facility’, according to the Chartered Institute of Taxation.
HMRC is offering online traders who have not paid their
HMRC has published a number of Tax Information and Impact Notes relating to changes to the PAYE system and NICs legislation:
The Income Tax (Pay As You Earn) (Amendment) Regulations, SI 2012/822, amend SI 2003/2682 to introduce Real Time Information (RTI), and close the simplified PAYE deduction scheme to new employers, from April 2012