ATT Technical

glasses, paperwork and calculator

The primary objective of the Association's Technical Committee is to provide a structure through which the general problems with compliance and administration faced on a day-to-day basis by ATT members can be considered and appropriate action taken.

Since ATT is a professional association, we have a duty to ensure that the interests of our members are safeguarded and their voice is heard. Because we are also a registered charity, we must always be guided by our charitable objectives of working towards a fairer tax system for all taxpayers, including the unrepresented. Happily, these two priorities pull in the same direction!

Much of our routine ongoing work consists of meetings with officials from HM Treasury and HM Revenue & Customs, to help ensure that the viewpoint of the taxpayer and tax practitioners is taken into account in the development of HMRC's policy and practice.

Newsdesk

SA penalty notices – what to do HMRC are about to start issuing penalty notices for late filed SA Tax Returns due on 31 January. Two key facts are: 1. HMRC may be able to cancel the return and penalty if the taxpayer calls them and establishes that they should not have been in SA. 2. Appeals can be made up to 31 March even if issued before the end of February. The latest alert from HMRC is copied below. 17 February 2012
HMRC PAYE update 102 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers basic PAYE tools and advice for large businesses. 17 February 2012
Entrepreneurs' Relief (ER) HMRC have agreed that the answers to some of the technical questions on the operation of ER raised with HMRC via the CGT Liaison Group (an HMRC forum) may be published. HMRC expect to incorporate the content of the answers into the HMRC CG manual. Further answers to outstanding technical questions will be posted here as they become available. 13 February 2012
Capital losses - Mansworth v Jelley: cases under enquiry HMRC have today issued a letter to taxpayers with cases under enquiry where capital losses have been claimed on the disposal of shares acquired on the exercise of an employee share option before 10 April 2003. The letter is posted here and asks for a response within 40 days of the letter date. 13 February 2012

Submissions

FB12 draft clauses - ATT comments The ATT comments, sent to HMRC and HM Treasury, on the Finance Bill 2012 (FB12) draft clauses. All the ATT's FB12 submissions are posted here.
Cost Displacement - CIOT/ATT/LITRG comments The CIOT, ATT and LITRG comments, sent to the Treasury Committee on 26 January 2012, regarding 'cost displacement' from the Committee's report on the 'Administration and Effectiveness of HMRC'.
General Anti-Avoidance Rule - CIOT and ATT comments The CIOT and ATT comments, sent to HMRC on 27 January 2012, regarding the proposals for a General Anti-Avoidance Rule (GAAR) as set out in 'The Aaronson Report'. It represents the combined views of the CIOT and ATT; it has also had input from LITRG.
PAYE Pooling - ATT comments The ATT comments, sent to HMRC on 12 December 2011, regarding their Discussion Document on 'PAYE Pooling'.