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In brief, issue 4331

22 November 2011
Issue: 4331 / Categories: News
Help given; RPI; SAV update; Pension schemes; Bank levy

Help given

In 2010/11 HMRC distributed £2m across 37 organisations in the voluntary and community sector that help people with taxes, benefits and tax credits. The department says that these grants led to additional tax of £16.8m being declared last year, along with the take-up of an extra £48.7m in tax credits, benefits and tax repayments. In addition, 4,000 volunteers were trained to assist with tax and benefits issues.

RPI

The value of the retail prices index for October 2011 is 238.0.

SAV update

Shares and Assets Valuation (SAV) – an introduction’ has been updated to reflect current practices, in particular regarding the SAV enquiry line (0845 601 5693) and post-transaction valuation check and ITEPA 2003 post-transaction valuation check valuations.

Pension schemes

Trustees of registered pension schemes are reminded that the self-assessment return SA970 cannot be completed online. The deadline for the paper form is 31 January 2012 (not 31 October 2011).

Bank levy

HMRC have published the final version of the bank levy guidance.

Issue: 4331 / Categories: News
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