HMRC has reminded taxpayers completing an online tax return for the first time that they need to register for online filing.
HMRC’s Agent Update issue 27 has articles on managing the 31 January self assessment deadline, online security, recent consultations and details of task forces established to tackle evasion.
HMRC is now accepting payments under the Faster Payments Service (FPS), which allows taxpayers to make faster electronic payments, typically via internet or telephone banking, “enabling them to be processed on the same or next day”.
The UK/Dominica tax information exchange agreement signed in March 2010 entered into force on 23 December 2011.
HMRC has published FAQs on employment income provided through third parties. The NIC rules came into force on 6 December 2011 and are not retrospective, HMRC said.
Consultation on the introduction of a general anti-avoidance rule appears likely to feature in the Budget on 21 March, after David Cameron backed Nick Clegg’s call for tougher action to ensure that large companies pay their ‘fair share’ of tax.
A concession allowing the zero rating of the supply of a motor vehicle to a disabled wheelchair user, where the vehicle is adapted shortly after the supply is made, has been withdrawn.