A new consultation, Office of Tax Simplification, review of unapproved share schemes: Marketable Security, makes recommendations which stand to reform the taxation of employment related securities.
SME Tax News
Employee Shareholding Vehicle consultation. This idea was dropped in Novemeber 2014 due to lack of interest.
Good morning
HMRC's consultation on the Direct Recovery of Debts has led to recent debates by both the CIOT and the ICAEW on HMRC's powers. There is grave concern that HMRC is seeking further use of private tribunal hearings and measures which circumvent the normal appeals process. Reflect on these points, if you will:
The Adjudicator's Office has published its report for 2014. Dame Judy Clements and her team resolved 2,311 complaints about HMRC, upholding a staggering 90% of complaints either partially or substantially.
HM Revenue and Customs (HMRC) have published a draft Statutory Instrument which proposes a highly controversial change to the 2003 PAYE Regulations: the ability for HMRC to change a PAYE tax code by stealth. It is not clear from any documentation why it needs to make this change.
Accountants BKL have reported some confusion by a First Tier Tribunal judge over whether there is any legal requirement to use a proof of posting certificates when filing a tax return.
Rangers wins its 'big tax case', its EBT appeal. Loans made to players were genuine loans.
The Chartered Institute of Taxation (CIOT) and Institute of Fiscal Studies (IFS) held a debate this week; HMRC’s powers - Going Too Far? With new and wide ranging powers to demand accelerated payment of tax already included in this years’ Finance Bill, there is a feeling that a new consultation on the direct recovery of debts (DRD) takes matters to far. Do we want really want to give HMRC more powers?