HMRC has updated its guidance on the ‘requirement to correct’ offshore non-compliance. Taxpayers must make a disclosure of undeclared liabilities involving offshore matters by 30 September 2018, or face penalties of up to 200% of the tax involved.
HMRC has added new spotlight 45 to the list of tax avoidance schemes it is investigating, concerning certain employment arrangements offered by some agencies and umbrella companies.
BDO’s latest annual survey of football club finance directors reveals a drop in confidence over the last year among football clubs in relation to their tax affairs, although concerns about major problems arising from HMRC investigations have receded.
HMRC has published the final version of guidance on the ‘fit and proper’ test it will carry out as part of the money laundering supervision registration process for money service businesses and trust or company service providers.
HMRC has published the following:
Capital allowances applied to a hydroelectric scheme
HMRC has announced that it will increase its late payment interest rates to reflect the rise in the Bank of England base rate.
James Taylor (EY) considers the application of the directive that requires minimum standards of anti-avoidance legislation across the EU.
In its latest paper on the platform, or ‘gig’, economy, the Office of Tax Simplification (OTS) has introduced the idea of ‘PAYE for platforms’, through which online platforms such as taxi or delivery firms might operate a system administratively equivalent to PAYE for self-employed platform worke