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
‘George Osborne is poised to slash the top rate of income tax from 50p to 40p in next week's budget in a dramatic move that will delight business and the Tory right, but risks reinforcing the Conservatives' reputation as protectors of the super-rich.
With public debt across Europe reaching unsustainable levels, governments are under more pressure than ever before to raise revenues without harming prospects for growth. This report examines different approaches to fiscal consolidation, and why better tax compliance has a key role to play; trends in both direct taxes and VAT rates; whether the proposed Financial Transaction Tax helps or hinders; the tax measures being introduced by several Member States (examining countries with record deficit levels as a proportion of GDP and those introducing new tax initiatives); tax policy issues for the UK; and the wider economic outlook for the Eurozone.
The Upper Tribunal’s decision in Atlantic Electronics provides useful guidance on the important issue of costs recovery in cases that span the new and old costs rules.
Developments such as the Legal Services Act have hastened the need for legal professional privilege to be extended to clients of tax advisers who are chartered accountants.
Anne-Marie Welch has joined Baker Tilly’s London office as an Expatriate Tax Partner. She has 20 years’ experience in expatriate tax, primarily with the Big Four.
New legislation to block a ‘contrived and aggressive’ income tax avoidance scheme involving property business loss relief will protect the Exchequer from significant losses, HM Treasury said.