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Company ownership
The government is to introduce new rules that require companies to keep information on who owns and controls them. It will be held in a central registry maintained by Companies House, where it will be accessible to law enforcement agencies and tax authorities. The aim is to restrict money laundering, tax dodging, financing of terrorism, bribing of officials, hiding of stolen assets, and evasion of financial sanctions. A consultation on the design of the rules will be published in the summer.
Company ownership
The government is to introduce new rules that require companies to keep information on who owns and controls them. It will be held in a central registry maintained by Companies House, where it will be accessible to law enforcement agencies and tax authorities. The aim is to restrict money laundering, tax dodging, financing of terrorism, bribing of officials, hiding of stolen assets, and evasion of financial sanctions. A consultation on the design of the rules will be published in the summer.
PAYE
As 22 June is a Saturday, employers who make their PAYE payments electronically need to have cleared funds in HMRC’s bank account by 21 June.
RTI
HMRC have updated the basic PAYE Tools - RTI and fixed a few minor issues. Version 13.1.13137 is now available.
More 0300 helplines
HMRC have introduced cheaper rate 0300 telephone helplines for VAT, income tax and self assessment. Calls to these numbers will be charged at the same rate as geographic (landlines starting with 01 or 02) calls.
Stamp duty
Statutory Instrument 2013/1382 and Explanatory Memorandum have been published. They prevent multiple charges to stamp duty and stamp duty reserve tax arising when share trades carried out on the LIFFE trading platform are cleared through Ice Clear Europe Ltd acting as central counterparty.
DTAs for 2014
Details of the UK’s treaty negotiating priorities for the year to 31 March 2014 have been announced.
Delayed document
HMRC’s Non-Domestic Rating in England and Wales (17.1-17.3 and 17.6) publication for June has been postponed to 27 September 2013.
