Ernst & Young announced four senior appointments to its UK and Ireland employment tax business. Ian Hopkinson, John Chaplin and Rajesh Bhundia have joined the firm from KPMG, and Mark Morton has been promoted to Director.
The Vatican's Pontifical Council for Justice and Peace has called for a new tax on financial transactions and proposed the creation of a global authority to regulate financial markets. International institutions must be reformed to favour effective monetary and financial systems, it said.
The annual subscription limit for an Individual Savings Accounts (ISA) will increase to £11,280 – up to half of which can be saved in a cash ISA – from April 2012, HM Treasury announced.
HMRC issued a further reminder that taxpayers filing a paper tax return after 31 October face a £100 penalty.
Tax campaigners have called for the ‘immediate cancellation’ of the UK government’s tax agreement with Switzerland. The Tax Justice Network published details of ten ‘escape routes’ in the agreement, which is designed to tackle evasion by British residents using secret Swiss bank acccounts.
‘The PAYE story is a better one than when we looked at it six months ago and we welcome that – it is a better place to be in,’ the Chairman of the Commons Public Accounts Committee told David Hartnett, HMRC’s Permanent Secretary for Tax, on 17 October.
HMRC is seeking views on a possible change to the PAYE system to allow closely connected employers to be treated as a single entity for PAYE purposes.
HMRC’s top tax official has written to MPs setting out the department’s view of the law surrounding the disclosure of taxpayer information to a Parliamentary committee.