HMRC has been sending out around 1,000 'nudge' letters to individuals paying tax at a lower-than-expected effective tax rates. This is a trial and not publicised campaign.
Prohibition of corporate members from LLPs
The government department, Business Innovation & Skills (BIS) has published a response to a consultation document relating to greater transparency and trust in UK business and included a proposal to prohibit corporate membership of LLPs.
Valuation of goodwill: Accountancy practice defeats HMRC
The case of Graham Michael Wildin v HMRC [2014] TC03586, involved a dispute on the correct method for valuing goodwill in an accountancy practice. HMRC favoured an assets-basis and the accountant, the appellant, a multiple of Gross Recurring Fees (GRF).
Swiss list top 10 destinations for offshore evasion
As part of the ground breaking tax agreement between the UK and Switzerland, Swiss banks will inform HMRC by May 31st of the top 10 destinations to which money removed from suspect bank accounts in Switzerland has been sent, says Pinsent Masons, the international law firm.
HMRC Direct Recovery of Debts: a 'terrifying' prospect
The Direct Recovery of Debts consultation: HMRC is now consulting on possibly the most terrifying new power ever proposed. It wants to be allowed to recover tax and tax credit debts directly from debtors’ bank accounts. Unsurprisingly, there is a lot of opposition to this proposal, not least because HMRC is considering that debtors once targeted should have no right of appeal.
Wrong PAYE code? Email HMRC
How to check your PAYE code. PAYE code error, or the wrong PAYE code? How to contact HMRC.
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