‘Tax regime drives 20% of big businesses to consider leaving UK’ declared a Daily Telegraph headline on 25 August. But the research, conducted by TNS-BMRB for HMRC last year, found that just over 10% of the 1,088 respondents had considered such a move.
HMRC is inviting comments by 23 September on proposals to improve the operation of the PAYE system by collecting 'real time information'.
Three professional bodies have joined forces to produce new guidance on the residence of trusts.
Revenue & Customs Brief 36/10 explains the factsheets that HMRC issues during a compliance check.
See www.lexisurl.com/p9uEA.
Issue 19 of HMRC’s Agent Update includes items on:
Revenue & Customs Brief 35/10 provides draft legislation and guidance on the operation of a new VAT reverse charge for emissions allowances.
HMRC has reminded taxpayers who pay VAT by cheque via the post that they now need to post the cheque earlier to make sure it clears HMRC's bank account by the due date shown on the VAT return.
HMRC is hoping that improvements to the system for processing internet filed self assessment trust returns will persuade more people to choose to file online.
HMRC has admitted that guidance setting out when it will consider a person’s domicile, and decide whether to make a determination of inheritance tax based on that domicile, has not been working well for HMRC or taxpayers.
Chris Morgan rounds up the latest developments in the international tax world