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.
The final quarterly release of statistics for HMRC’s Business Payment Support Service shows that 444,400 time to pay arrangements were granted, worth £7.71 billion, in the period November 2008 to the end of June 2011.