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.
A leading Reuters editor told the BBC’s Newsnight earlier this week that only international co-operation will help prevent large multinationals using tax havens to undermine the tax base of national governments, after campaigners slammed a proposed exemption for profits of forei
The European Commission has launched a consultation on a set of policy options including a financial transactions tax and a financial activities tax.
The Stamp Duty Land Tax (Administration) (Amendment) Regulations, SI 2011/455, amend the land transaction return to provide extra information, in connection with a programme to move HMRC’s information technology systems to a
‘Britain's banks may be forced to reveal the breakdown of their corporate tax contributions under a plan from the Treasury Select Committee to demand the information as part of its report on the sector.
The UK/Liechtenstein tax information exchange agreement signed in August 2009 entered into force on 2 December 2010, HMRC announced.
The European Council has adopted a directive aimed at strengthening administrative co-operation ‘to enable the member states to better combat tax fraud’.
A new online resource, ‘Basic PAYE Tools’, is to replace HMRC’s Employer CD-ROM. The resource is available on the Business Link website.