Malcolm Pengelly answers a question on discovery assessments.
HMRC is reminding caravan site owners and their customers that three extra statutory concessions are to be withdrawn with effect from January 2012.
Following a recent HMRC briefing for professional advisers, Aileen Barry reviews the terms of the draft UK/Swiss Agreement, speculates as to how HMRC will interpret it and how the Swiss banks will implement it, and considers what the actual outcome will be
HMRC’s top tax official has written to MPs setting out the department’s view of the law surrounding the disclosure of taxpayer information to a Parliamentary committee.
HMRC is reminding employers that from April 2012 they may be asked to provide security where there is a risk of deliberate non-payment of PAYE tax and NICs. HMRC can already request a security for VAT.
HMRC is to extend its trial of a proposed ‘single compliance process’ to ensure that sufficient data is collected to ‘test the process fully’.
PKF has warned that HMRC’s extended programme of business records checks will ‘waste everyone’s time’, and suggested that HMRC staff employed on the programme could be put to ‘much better use’.
The OECD has published peer reviews on the legal framework for transparency and exchange of tax information in Andorra, Anguilla, Antigua and Barbuda, Austria, Bahrain, the British Virgin Islands, Curaçao, Liechtenstein, Luxembourg, Saint Kitts and Nevis, and the Turks and Caicos Islands.