Lesley Strathie, CEO of HMRC has informed staff in 130 offices that closures and redundancies on planned in 2010/11.
Archived SME tax news
Problems filing abbreviated accounts using Companies House software (the abbreviated accounts template)? These known “bugs” will stop you downloading and completing Companies House’s document:
Couples: income splitting and VAT. VAT Flat rate scheme discounts. Increase in time to claim pre-registration inputs.
0T tax codes are being sent out ahead of 2010/11 to those who HMRC estimates will have an income in excess of £112,950.
A summary of the 2009 Pre-Budget Report (in less than 50 words)
50% employer tax on bank bonuses, a freeze on all tax rates and allowances, National Insurance increases from 2011.
No changes to equalise capital gains tax (CGT) rates, or change CGT Private Residence Relief. VAT increase at midnight, 31 December, as planned.
HMRC may telephone taxpayers in connection with a tax compliance review. Nichola Ross Martin says, "Make sure you keep a note of exactly what you say".
If you call HM Revenue and Customs (HMRC) take detailed notes, so you can refer to them in the event of a dispute.
A recent tax Tribunal decision has decided that HMRC’s method of apportioning non-business use of an asset which in part qualifies for PPR for taper relief is not just or reasonable.
HMRC has extended the deadline for notification under its New Offshore Disclosure Facility (NDO); the take up to-date has proved very low.