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TAX POLICY ADMINISTRATION


Heather Self (Blick Rothenberg) talks to HMRC’s Jim Harra about Brexit, the department’s services for large businesses and its approach to dispute resolution.
 
A significant improvement in the public finances has eased the pressure on Philip Hammond to come up with tax hikes in his November budget, David Smith reports.
 
Brussels is threatening the UK with court action over ‘illegal’ tax breaks. Andrew Parkes (Milestone International Tax Partners) explains.
 
Jonathan Shankland and Patrick Malone (RadcliffesLeBrasseur) examine the operation of the trust registration service, penalties for failing to register, and future changes.
 

The CIOT and ATT have issued a note for their members giving practical guidance for advising clients on the requirement to correct offshore tax non-compliance by 30 September.

The note is arranged under broad headings which cover:

The Financial Secretary to the Treasury, Mel Stride, has defended the government’s use of the less rigorous ‘negative’ procedure for making secondary legislation in relation to the Taxation (Cross-border Trade) Bill.

HMRC has updated the specimen SAYE prospectus with effect from 1 September 2018 to confirm that employees can delay the payment of monthly contributions on a maximum of 12 occasions over the lifespan of the savings contract.

HMRC’s large business directorate opened investigations for possible ‘serious’ tax evasion into 27 of the UK’s top 2,100 businesses in 2017/18, according to figures obtained by Pinsent Masons.

Informants made more than 40,000 calls to HMRC’s fraud hotline in 2017/18, for which HMRC made payments amounting to £343,500, according the Financial Times.

HMRC has published the following:

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