Urgent client admin matters
The 2012/13 tax gap was £34bn, or 6.8% of tax liabilities, according to newly released HMRC figures, which show a small rise on the £33bn (6.6%) in the previous year (revised down from an initial £35bn).
C Jordan (TC4010)
O O’Ryan (TC3956)
Taylor Made Consulting Ltd (TC4018)
P Rowe (TC4023)
Stamp duty penalties revised
HMRC are set to launch a test version of their latest web tool for tax advisers, as the department continues to ramp up its digital services.
The offering known as agent online self-serve (AOSS) will be made available by the end of the year to volunteers, to provide access to details of employer PAYE clients’ tax liabilities and payments.
Users will experience:
The Revenue plans to raise the supervision fees charged to firms under anti-money laundering regulations.
The tax department has launched an informal consultation on the structure of the levies, which was set in 2010 to include a registration and renewal payment of £110 for each premises, and a £50 fit-and-proper test fee per director, beneficial owner, nominated officer and other person exercising effective control of the business.
HMRC have launched a webinar to show the connection between the completeness and accuracy of a self assessment (SA) tax return and the quality of supporting records.
Self Assessment Tax Returns – Expenses Risks and Concerns is aimed at all agents, especially new advisers and those who file SA returns for small and medium-sized enterprises that include expenses claims.
Live sessions are available throught October:
HMRC plan to withdraw three extra-statutory concessions (ESCs):