Mark Bevington considers the Budget announcement of a future change to tax rules to limit the deduction for asset-backed pension contributions
A Committee of the whole House debated the Finance Bill for ten hours until 3 am this morning.
HMRC are changing the addresses shown on PAYE and self assessment forms and letters for individuals and employees other than those with ‘complex’ tax affairs.
‘Britons with billions of pounds hidden in Switzerland will pay tax at 50% under a groundbreaking deal that will legitimise their undeclared assets, according to a source familiar with negotiations between the Swiss and British governments.
Andrew Goodall reports on growing support for the idea of a tax on financial transactions
The CIOT’s Low Incomes Tax Reform Group has invited feedback on a new website providing advisers with information on ‘HMRC products', including tax credits and child benefit.
HMRC will not take any action in relation to penalties for late submission of the first ‘client lists’, due on 30 April, providing they are with HMRC by 3 May, according to a DOTAS update published by the CIOT.