KEY POINTS
- VAT increase to 20% facilitates computation of liabilities.
- A year of tax disclosure opportunities and taskforces.
- HMRC’s PAYE problems persist.
- The Gaines-Cooper case is finally decided in HMRC’s favour.
- Reminders of some important tax and VAT decisions.
The turning of the year is traditionally a time of taking stock looking forward to the new year and looking back over the highlights of the year that has just ended.
Of course depending on how your New Year’s Eve celebrations panned out your remembered highlights of 2011 may well consist of vaguely embarrassing recollections of dancing around to Mamma Mia and repeatedly singing the first lines of Auld Lang Syne with occasional memory flashes perhaps extending as far back as the Christmas Day edition of Doctor Who.
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