Penalties: effect of agreement under Civil Procedure Rules
Tristan Thornton argues that HMRC's powers to detain goods, 'currently being used to raid warehouses all over the country', are open to challenge
Janet Hoskins reviews the issues advisers should consider following the mid-year rate change
A redeployment of resource to ‘higher priority work’ will affect turnaround times until the end of October for the processing of paper forms 64-8 and registrations for self assessment and self-employment, HMRC announced.
A new online learning module is intended to raise awareness of HMRC’s power (contained in FA 2009 s 94) to publish the names and other details of people who are penalised for deliberately evading more than £25,000 of tax and who do not fully cooperate with a tax investigation.
HMRC has revised the guidance on its Spotlights page to make it clear that schemes disclosed under the DOTAS regulations are not HMRC approved.
HMRC is to host two free exhibitions for software vendors to showcase products and services to support online filing of company tax returns using the new iXBRL standard for accounts and computations.
HMRC has published guidance to help tax agents to manage the 31 October self assessment deadline. The guidance says:
‘If you send in a paper tax return, it must reach HMRC by midnight on 31 October. The deadline for paper tax returns is only later than 31 October if:
The August 2010 issue of HMRC’s Employer Bulletin is available via www.lexisurl.com/7hnBn and declares that www.businesslink.gov.uk is the ‘new home for HMRC guidance and transactions’.
An optional, ‘simplified’ approach to valuing cycles sold to employees after the end of a loan period is set out in a new paragraph EIM21667a of HMRC’s Employment Income Manual.