Businesses should consider engaging ‘more forthrightly’ in the tax avoidance debate to address ‘some of the myths and confusion that exist’, David Gauke said today.
‘Barclays' total global tax payments, including payroll-related taxes, were approximately £6bn in 2009, including over £1bn in corporation taxes worldwide.
HMRC will send paper returns this month to employers who have successfully applied for the regional national insurance contributions holiday.
The completed end of year returns should reach HMRC by 19 May. Guidance will be posted on the Business Link website this month, HMRC said.
HMRC have announced new bonus rates effective from 27 February.
HMRC have invited comments on draft amendments to Offshore Funds (Tax) Regulations, SI 2009/3001.
A proposed change to the provision for equalisation was announced last December.
MacIntyre Hudson announced the appointment of Katharine Arthur as a Tax Principal in the firm’s City office in Blackfriars, London.
HMRC have invited comments by 28 March on draft legislation removing the restriction of the right to recover VAT incurred on the business entertainment of overseas customers.
Plumbers, gas fitters, heating engineers and ‘members of associated trades’ who sign up to a new disclosure facility and pay outstanding tax liabilities are to be offered a reduced penalty.
HMRC have announced an increase in the advisory fuel rates to be used by employers reimbursing employees for business travel in their company cars. The new rates, which take effect today, are set out on the HMRC website.
HMRC have written to taxpayers who may be liable to pay tax at 50% for 2010/11 but have not had sufficient tax deducted under PAYE, to ‘enable them to arrange their finances’ to cover any underpaid tax that will be due on 31 January 2012.