How will the government’s ‘one nation’ approach apply to tax?
The environment for non-domiciles
Conditions for claiming personal tax reliefs
Tip the scales in your favour
The problems of obtaining details of income and capital from investment managers
Tax admin dates for your 2015 diary
Tax officials will cancel penalties for late self assessment returns that have since been submitted their return with a reasonable excuse, HMRC have confirmed.
The Revenue’s director-general of personal tax, Ruth Owen, told BBC Radio 4’s Money Box programme that there had been a change in department policy, meaning most taxpayers’ excuses would be accepted at face value rather than be submitted to inquiry.
This is a summary of issue 47 of Agent Update, HMRC’s bi-monthly news roundup for tax advisers
Digital agent engagement
Agents were invited in January to take part in a series of regional events with HMRC representatives.
Changes to tax breaks designed to promote investment in small and growing firms will deter investors from taking advantage, according to the Chartered Institute of Taxation (CIOT).
The professional body warned that new legislation creates greater complexity and denies relief to existing financiers that want to increase their investments.
Don’t simply follow past years’ P11Ds when preparing the latest forms
Add some colour to your client admin
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