HMRC is planning a programme of pre-return ‘business records checks’ to review the adequacy and accuracy of records in the small and medium enterprise (SME) sector. Poor record keeping is a problem in around two million SME cases, the department estimated.
HM Revenue and Customs is ‘trialling’ the use of Twitter in the run up to the tax return deadline on 31 January.
‘Retailers are bracing themselves for a deterioration in trade in the coming year as the government’s VAT increase, coupled with swingeing spending cuts, put people off spending on the high street.’
HMRC has identified eight extra-statutory concessions (ESCs) that need to be withdrawn, as part of the department’s review following a House of Lords decision that clarified the scope of its administrative discretion to make concessions.
The Value Added Tax (Exceptions Relating to Supplies not Made to Relevant Business Person) Order, SI 2010/3017, amends the description of the natural gas distribution system and adds the provision of heating and cooling through a net
Malaysia
The Income and Corporation Taxes (Electronic Communications) (Amendment) Regulations, SI 2010/2942, create additional exceptions to the general rule that those delivering company tax returns must use an approved method of el
Shops in many UK towns and cities were disrupted by tax protests again on Saturday, with several stores reported to have closed down temporarily on the last weekend before Christmas.
Finance (No. 2) Bill 2010-11 received Royal Assent on 16 December and became Finance (No. 3) Act 2010.
See www.lexisurl.com/dRkGW.
HMRC’s civil investigations directorates have increased the tax yield from serious cases of suspected tax evasion by 49% since 2007/08 while reducing expenditure by 10%, according to a National Audit Office report released as two leading charities prepared to join a union rally outside HMRC’s hea