More than 600 tax enquiries targeting people in the plumbing industry will be under way by the time the Plumbers Tax Safe Plan disclosure opportunity closes at the end of this month, HMRC have warned.
The OECD announced the appointment of Pascal Saint-Amans as Director of the Centre for Tax Policy and Administration. He will take up his duties in February 2012 on the retirement of Jeffrey Owens. Saint-Amans became Head of the OECD’s Global Forum Division in October 2009.
‘The implications of cutting Scotland's rate of corporation tax are "highly complex", PwC warned as the Scottish government prepares to consult on devolving the tax to Scotland. PwC said it was essential to examine the effects of cuts in Northern Ireland ...
HMRC are seeking views on proposals to accelerate the move to online delivery of services, with a view to making a proposed registration wizard the ‘digital by default channel’ for PAYE, corporation tax, income tax self assessment and class 2 NICs.
HMRC are seeking views on draft legislation, earmarked for Finance Bill 2012, to counter tax avoidance schemes exploiting double taxation agreements.
The proposed monitoring of tax agents by HMRC may offer the long term advantage of ‘removing from the system’ poor agents who undercut prices charged by those providing a better quality service, according to the ICAEW’s Tax Faculty.
HMRC have announced updates to the following guidance manuals (see Tax Journal issue 1081, 17 June 2011 for the last update):
June 2011
The 398 page Finance Act was enacted on 19 July. The following article provides a summary of some of the key provisions - with links to further articles giving the detail. We hope you find it helpful.