Generating sustainable value and avoiding unpleasant surprises increasingly requires a clear strategy, aligned with your corporate goals, and supported by a robust framework for the management of tax risk, reports Mark Kennedy
HMRC plans to publish on 21 October four additional toolkits for agents. The new toolkits will deal with losses, the distinction between capital and revenue, directors' loan accounts and property rents.
The Income Tax (Construction Industry Scheme) (Amendment No. 2) Regulations, SI 2010/2495, and The Income Tax (Pay As You Earn) (Amendment No.
The Guardian carried news of the NAO report ‘Engaging with tax agents’ under the headline ‘Taxpayers with accountants get their returns wrong more often’ (13 October).
In Revenue & Customs Brief 43/10, HMRC assesses the implications of the ECJ decision in Nordania Finans A/S v Skatteministeriet, [2008] STC 3314.
HMRC should improve tax agents’ compliance by providing more support to those experiencing difficulties and applying sanctions where performance is poor, the National Audit Office report concluded.
Tax professionals have reacted angrily to a National Audit Office report suggesting that tax returns prepared by agents are more likely to understate liabilities than returns filed by taxpayers who do not have an agent, that paying for professional help is ‘not without risk for a taxpayer’, and t
The Finance Bill completed its second reading in the House of Commons on 11 October, after five hours of debate. The Bill’s progress can be followed via www.lexisurl.com/uSCsx.
Revenue & Customs Brief 41/10 explains a change in HMRC practice on ‘share loss relief’, allowed against income by ITA 2007 ss 131–151, in respect of capital losses made on shares subscribed for in 'qualifying trading companies’.