Admin

Key dates for your 2015 diary

France gives okay to information-share with agencies outside HMRC

HMRC have published more details on the information that employment intermediaries will be obliged to provide from next month.

Staffing agencies and similar firms will have to submit an online report to the Revenue every three months, providing details of supply workers for whom they do not operate PAYE on payments.

The first report is for the period 6 April to 5 July, and must reach HMRC by 5 August. A template is included in the official guidance, along with instructions on how to complete the form.

HMRC’s increased reliance on digital

A tax guide to crowdfunding

Essential client admin

Edition in summary

The European Commission (EC) has unveiled its agenda to combat avoidance and aggressive tax planning, with a package of measure to increase tax transparency to be announced next month.

A key objective of the agenda is to ensure that companies are taxed where their economic activities generating the profits are performed, commissioners agreed at the first orientation debate on possible actions to ensure a more transparent approach to taxation in the European Union (EU).

The European Parliament is set to set up a special parliamentary committee to look into European Union member states’ tax rulings and “other measures similar in nature or effect”, and to make recommendations for the future.

The committee was agreed upon last week in the wake of a series of investigations by the European Commission (EC) into tax rulings for multinational companies in Luxembourg, Ireland, Belgium and the Netherlands.

J Arnfield (TC4261)

Employers will not incur penalties for delays of up to three days in filing PAYE information, HMRC have confirmed.

There will be no changes to the submission deadlines, and employers with fewer than 50 employees will still be subject to late-filing fines from 6 March. But late-payment sanctions will be reviewed on a risk-assessed basis, rather than issued automatically.

The Revenue intends to next month close about 15,000 PAYE schemes that have not made a report since April 2013 and appear to have ceased, in an effort yo prevent unnecessary penalties being issued.

M Higgins (TC4259)