The Public Bill Committee resumed its consideration of the Finance Bill on 7 June.
HM Treasury is seeking views on proposed changes to the Money Laundering Regulations 2007, which require tax agents to identify and report suspicious activity. Agents who are not members of professional bodies are registered by HMRC.
HMRC have published details of the types of data they hold, and a summary of their approach to transparency, with a view to meeting commitments made in an updated Business Plan.
Switzerland’s has made ‘rapid progress’ to implement a commitment to the internationally agreed standard on exchange of information for tax purposes, the OECD reported.
An HMRC consultation on whether continued publication of statistics relating to ‘time to pay’ arrangements would provide value for money failed to attract a single response from members of the public, other external parties or public bodies.
‘Thousands of British clients of HSBC who stashed money in Switzerland are to have their financial affairs probed by the taxman … HMRC has obtained the names and account details of 7,000 HSBC customers from a whistleblower …
HM Treasury is recruiting a permanent Chairman and Tax Director for the Office of Tax Simplification. Michael Jack and John Whiting were appointed to lead the OTS on a temporary basis when it was established last year.
HMRC have published draft, updated guidance, together with minutes of the 4 April meeting of the Research & Development Consultative Committee.
The drive for individuals to provide services through intermediaries comes from a number of different parties including employers, end clients and employment agencies, members of the IR35 Forum noted at the Forum’s inaugural meeting.