In a speech this week at a joint CIOT and ICAEW conference marking the 20th anniversary of HMRC Exchequer Secretary James Murray MP announced several measures to reduce tax administration and tackle the tax gap:
A new service to provide an escalation route for agents with self-assessment and PAYE queries which are more than four weeks old. A dedicated team of experienced technicians and advisers will adopt a ‘once and done’ approach taking end-to-end ownership of cases and maintaining regular communication with agents.
Plans to increase the ITSA reporting threshold for trading income from £1 000 to £3 000 gross within this parliament. This is said to benefit around 300 000 taxpayers. An estimated 90 000 of them will have no tax to pay and no reason to report their trading income to HMRC in the future at all. Others will be able to pay any tax...
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In a speech this week at a joint CIOT and ICAEW conference marking the 20th anniversary of HMRC Exchequer Secretary James Murray MP announced several measures to reduce tax administration and tackle the tax gap:
A new service to provide an escalation route for agents with self-assessment and PAYE queries which are more than four weeks old. A dedicated team of experienced technicians and advisers will adopt a ‘once and done’ approach taking end-to-end ownership of cases and maintaining regular communication with agents.
Plans to increase the ITSA reporting threshold for trading income from £1 000 to £3 000 gross within this parliament. This is said to benefit around 300 000 taxpayers. An estimated 90 000 of them will have no tax to pay and no reason to report their trading income to HMRC in the future at all. Others will be able to pay any tax...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
