The National Insurance Contributions Bill completed its second reading in the House of Commons on 23 November and was committed to a Public Bill Committee, which is scheduled to conclude its consideration of the Bill by 9 December.
The current Finance Bill completed its second and third readings in the House of Lords on 22 November.
John Whiting on the OTS reliefs review
Richard Clarke and Jennifer Knowlson provide an update on discovery assessments including the impact of Lansdowne
Corporate tax reforms need to strike the right balance between revenue protection and competitiveness, PwC said ahead of the release – which the firms expects to see this week – of a discussion document on corporate tax and controlled foreign companies reform.
The Government will publish responses to formal consultation on corporate capital gains, furnished holiday lettings and tax policy making on 9 December, when it expects to publish draft clauses planned for Finance Bill 2011, the Treasury has confirmed.
HMRC is seeking stakeholders’ help in its ‘drive for greater transparency’.
The second reading of the Bill introducing the regional NICs holiday for new businesses is set to take place in the House of Commons on Tuesday, 23 November.
Tax agents are being asked to complete a short survey on the filing of individuals’ self assessment returns.
Contractors who are charged penalties for late filing of monthly returns may elect for the penalties to be re-calculated under new rules introduced by FA 2009 Sch 55 and set to take effect in October 2011, HMRC has announced.