HMRC are set to begin a six-month trial of a new, single compliance process for enquiries across a range of taxes.
HMRC published a ‘technical pack’ for ‘real time information’ reporting, to enable software developers to build payroll software products capable of reporting using the internet through the Government Gateway.
Clause 15 and Sch 1 (new high strength beer duty), clauses 16-18 (tobacco products duty, gaming duty and amusement machine licence duty), and clause 20 (fuel duties) of the Finance Bill were agreed without amendment on 17 May. The Committee is set to meet again on 19 and 24 May.
Last week’s Supreme Court decision in favour of HMRC in the Tower MCashback case may make a general anti-avoidance rule less likely, tax experts have told Tax Journal.
The government has tabled dozens of amendments to Finance Bill provisions on ‘disguised remuneration’ that have been severely criticised by tax professionals.
Clauses 11 (annual investment allowance), 12 (short life assets), 13 (rates of alcoholic liquor duties) and 14 (general beer duty, reduced rate for lower strength beer) of the Finance Bill were passed without amendment by the Public Bill Committee on 12 May.
Chris Sanger identifies seven common trends in tax policy across Europe, the Middle East, India and Africa
Richard Clarke and Jessica McLellan provide this month’s update on recent HMRC activity