News

Following extensive discussions within the Joint Understanding Agents Programme – the forum for taking forward the ‘Clasper initiative’ between HMRC, the professional bodies and tax charities – HMRC have announced changes to their procedures

The revised guidance on Gift Aid declarations, published by HMRC on 24 February 2012, generated a number of queries. Consequently, HMRC have published further guidance (reproduced below), around the information that needs to be provided to donors

The latest version of the Pension Schemes newsletter is available here.

The Chartered Institute of Taxation (CIOT) and Association of Taxation Technicians (ATT) have welcomed the launch of a new resource to support efforts to increase the number of people from non-privileged backgrounds entering accountancy, law, tax

The Pensions Regulator, HMRC and the Financial Services Authority have joined forces to publish a warning to consumers about early release pension offers which are currently being marketed. The warning urges consumers not to be taken in by

Agent Update 28, February - March 2012, has been published. This is available to download here in PDF format.

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

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

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

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