As a result of the major change by HMRC to the PAYE system from April 2013, known as Real Time Information (RTI), the main tax and accounting bodies have issued updated guidance on letters of engagement for tax practitioners.
Following extensive consultations the LSB has finalised its recommendations to the Lord Chancellor regarding the proposed regulation of the will writing and estate administration market and continued regulation of probate work.
The organisation representing UK tax compliance specialists has warned that a proposed government cap on income tax reliefs will distort decisions on how businesses should be structured and lead to more decisions being taken for tax rather than
HMRC have announced the final filing results for returns submitted by the SA deadline on 31 January 2013. HMRC confirm that these are the best SA results ever. The previous highest ‘on time’ proportion was 92%, when the first ever SA returns were
HMRC are making several changes to the RTI pages on the HMRC website over the next few months. Many of the changes are as a result of consulting the professional bodies. In addition to the changes listed below, following discussions with the
The ATT comments, sent to the House of Lords Finance Bill Sub-Committee on 22 January 2013, on countering the avoidance of tax, as part of the draft clauses published for inclusion within the Finance Bill 2013.