News

HMRC have provided a further informal update on PAYE related matters for sharing. The update covers guidance for employers on how to prepare for RTI with just one month until it is introduced.

Agent Update 34, February - March 2013, has been published. This is available to download here in PDF format.

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 have informed us that the Bank of Santander is having problems with their Bill Pay service that taxpayers use to pay their tax by credit card or debit card.

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.

Tax experts are warning that chopping and changing of capital allowances will lead to error, confusion and higher professional costs for small businesses.