The Chartered Institute of Taxation (CIOT) has raised concerns about the use of retrospective action following new legislation that is set to apply from October 2007.
Archived SME tax news
From 6 April 2011: the tax exemption for tax-free lunches will no longer apply when an arrangement is made to introduce this benefit as part of a salary sacrifice scheme.
New research commissioned by HM Revenue & Customs (HMRC) has found that just 4% of taxpayers are likely to be deliberate tax dodgers whilst the vast majority (83%) of those who are aware of their tax obligations are willing to comply.
Can I say a big "thank you" to those of you who were kind enough to write a recommendation for this service in response to a query on Accountingweb recently.
HM Revenue & Customs (HMRC) is planning a set of draconian new powers to use against tax advisers in its consultation: "Working with Tax Agents: the Next Stage". A more accurate title would be "Working against tax agents..."
Recent changes to car and fuel benefit include the following:
HMRC staff say that they have been deluged by phone calls, following the issue of wrong tax codes for 2010/11 as a result of using out-of-date information.
The guidance given by HMRC in relation to its new "Tax Health Plan" (THP) is turning "a simple and straightforward opportunity" into something of a farce.
Lesley Strathie, CEO of HMRC has informed staff in 130 offices that closures and redundancies on planned in 2010/11.
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: