News

Most HMRC Online services will be affected between 12 and 15 October 2012 due to a number of routine scheduled IT updates and planned maintenance work to their IT systems. The tax credit system will be unavailable from 7am Thursday 11 October

HMRC have provided a further informal update on PAYE related matters for sharing. The update covers penalties for outstanding 2011-12 PAYE Employer Annual Returns, how to appeal against a penalty, an amendment to CWG2(2012), Employer Bulletin 42

The Advisory Panel on the proposed General Anti Abuse Rule (GAAR) should be wholly independent, with no representatives of HM Revenue and Customs (HMRC), say the two leading professional bodies for tax practitioners.

HMRC have provided a further informal update on PAYE related matters for sharing. The update covers Real Time Information, the national minimum wage and employee queries where operation of ‘week 53' payment results in an underpayment of tax.

The ATT invites comments on this consultation designed to to explore the option for a revised version of Extra-statutory Concession (ESC) A19. It is not intended to cover whether ESC A19 should exist or the scope of concessions, but rather how

The ATT invites comments on this consultation, which sets out some options for improving public information about tax avoidance schemes and the risks of using them, together with proposals for revising and extending the Disclosure of Tax

The ATT invites comments on this consultation which explores possible options for simplifying the calculation of the IHT periodic and exit charges on trusts that hold or dispose of relevant property.

The ATT invites comments on whether or not to introduce a rule requiring companies which do not use a sterling currency for accounting purposes to compute their chargeable gains and allowable losses in a currency other than sterling and if so,

The ATT invites comments on the consultation that proposes reform of two anti-avoidance provisions: i) the attribution of gains to members of non-resident closely controlled companies and ii) transfer of assets abroad.

HMRC have provided a further informal update on PAYE related matters for sharing. The update covers PDV application, Regulation 67CA, VAT, QROPS, update on Employee Benefit Trusts, Patent Box and CFC legislation, Compliance checks, how to confirm