The Social Security (Contributions) (Re-rating) Order, SI 2011/938, specifies the rates of Class 2 and Class 3 NICs and the amount of earnings below which an earner may be excepted from liability for Class 2 contributio
KPMG’s investment management group announced the appointment of Dan Roman to its hedge funds tax practice. Roman joins as a partner from Ernst & Young.
HMRC published four sets of draft legislation and explanatory notes alongside last week’s Budget:
HMRC have published a reminder that the disclosure regime for avoidance schemes is extended with effect from 6 April to require the disclosure of inheritance tax arrangements that seek to avoid IHT charges associated with transfers of property into trust.
The UK/Turks and Caicos Islands tax information exchange arrangement entered into force on 25 January 2011, HMRC announced.
The Independent Police Complaints Commission is seeking views on its proposed guidance to HMRC on the handling of serious allegations about HMRC offficers.
HMRC’s VAT online service will be unavailable between 7am on Monday 4 April and 6am on Wednesday 6 April, HMRC announced last week. Taxpayers will not be able to file VAT returns, set up direct debits or view accounts online.
The government’s efforts to tackle tax avoidance are ‘quite understandable’ but evasion and other criminal activity have a ‘far greater’ impact than legal avoidance, tax experts said in response to a new paper setting out the government’s anti-avoidance strategy.
The Treasury is consulting on possible steps to accelerate the ‘rebalancing’ of the Northern Ireland economy through the tax system.
The main option is to allow Northern Ireland to vary corporation tax rates, the Treasury said, to enable it to attract and expand private investment.
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