HMRC is to review around 30,000 self-assessment tax computations from 2016/17 returns filed online, where it believes there is a risk its tax calculator might have computed liabilities incorrectly. Beginning on 19 November, incorrect calculations will be reworked and reissued.
The chair of the Lords Economic Affairs Finance Bill sub-committee, Lord Forsyth of Drumlean, has written to the financial secretary to the Treasury, Mel Stride, expressing ‘disappointment’ at the minister’s refusal to appear before the committee to face questioning on the powers of HMRC.
HMRC has published the following:
The OTS’s recommendations on HMRC guidance provides some hope that in the future reliance on guidance will be less risky, writes Stephen Daly (King’s College London).
Transfer to personal pension policy and IHT
Was a company operating a golf club profit-making?
Issue estoppel following proceedings in the tax tribunal
Hidden within Labour's proposal lies the seed of a perfectly good idea, writes David Pett.
Following the Budget on 29 October, the government will publish Finance Bill 2019 on Wednesday 7 November 2018. The Bill will be called Finance (No 3) Bill of the current parliamentary session.