This month’s round-up, by Mike Lane and Zoe Andrews (Slaughter and May).
Guidelines for compliance
Following the review of tax administration for large businesses HMRC has started to publish ‘guidelines for compliance’ (GFC) offering HMRC’s view on complex widely misunderstood or novel risks that can occur across tax regimes. The GFCs expand the scope of HMRC material beyond interpretation of the law offering insights into the practical application of the law and HMRC’s administrative approaches. The intention is that following the GFCs will lower the risk of tax non-compliance and reduce the likelihood of HMRC checks.
GFC 1/2022 published on 6 October is the first set of guidelines and is aimed at providing help to employers with PAYE settlement agreement calculations. This is an area where HMRC have identified a number of errors and emerging risks. GFC 1/2022 explains to employers how to reduce...
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This month’s round-up, by Mike Lane and Zoe Andrews (Slaughter and May).
Guidelines for compliance
Following the review of tax administration for large businesses HMRC has started to publish ‘guidelines for compliance’ (GFC) offering HMRC’s view on complex widely misunderstood or novel risks that can occur across tax regimes. The GFCs expand the scope of HMRC material beyond interpretation of the law offering insights into the practical application of the law and HMRC’s administrative approaches. The intention is that following the GFCs will lower the risk of tax non-compliance and reduce the likelihood of HMRC checks.
GFC 1/2022 published on 6 October is the first set of guidelines and is aimed at providing help to employers with PAYE settlement agreement calculations. This is an area where HMRC have identified a number of errors and emerging risks. GFC 1/2022 explains to employers how to reduce...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
