A Tax Information Exchange Arrangement between the UK and Anguilla, signed in July 2009, entered into force on 17 February.
‘The Institute of Directors has urged the Chancellor to axe the 50% tax rate for high earners and reinstate their tax-free allowances, in order to kill off “the damaging perception” that the UK is becoming a high-tax economy.
The Protocol to the UK/Oman double taxation agreement entered into force on 9 January.
HMRC published updated guidance and a new form to help users make a 'reasonable excuse' claim if they are unable to submit an online company tax return on time on or after 1 April.
HMRC invited taxpayers to use their secure electronic ‘change of circumstances service’ at www.hmrc.gov.uk/individuals/change-of-circs.htm to notify a change of name or address.
HMRC have announced updates to the following guidance manuals:
HMRC Online Services will be unavailable from Saturday 2 April until 6am on Wednesday 6 April, the department announced, to allow for IT upgrades.
Long standing issues in small business taxation have so far proven to be intractable, the Office of Tax Simplification said in its interim report, ‘Small business tax review’, presented to the Chancellor last week
The Taxes, etc. (Fees for Payment by Internet) Regulations, SI 2011/711, set the fee payable in respect of a credit card payments, where authorisation is given by internet, at 1.4% with effect from 1 April.
The Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) (Amendment) Regulations, SI 2011/698, address a situation that is not covered by the current ‘disregard regulations’ (SI 2004/3256) which provide that certain foreign exchange gains and los