HMRC's consultation, ‘Making Tax Digital sanctions for late submission and late payment' closed on 11 June 2017. Responses are anticipated shortly.
Last minute planning: deemed domiciled from 6 April 2017
If you are about to become deemed UK domiciled under the new rules, applicable from 6 April 2017, consider carrying out some pre-year end tax planning.
Self-employed: check your NI record before 5 April.
The Low Income Tax Reform Group (LITRG) is urging self-employed workers with very low profits to check their National Insurance record and make up any deficiencies before voluntary contributions become more expensive for them after April 2019.
Software specification error affects 2016/17 Self Assessment
UPDATED: Don’t file your 2016/17 tax return online: you may overpay your tax. HMRC has made a specification error which is affecting many Self Assessment taxpayers. The error applies to HMRC's own product or third party software.
Brexit: 'Legislating for the UK’s withdrawal from the EU
The government has published a White Paper 'Legislating for the United Kingdom’s withdrawal from the European Union' this explains how the Great Repeal Bill will convert the body of EU legislation into UK law and then considers options, such as imposing restraints on delegated power.
Lords say: 'Put brakes on Making Tax Digital'
The House of Lords Finance Bill Sub-Committee has called on HMRC to put the brakes on Making Tax Digital (MTD) for business amidst widespread fears that MTD won't make any savings for government and is being rushed.
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