C Flood (TC2665)
Taxman may cancel payer status
All Day Recruitment Services Ltd (TC2699)
HMRC are set to issue penalty letters to employers who took part in the real-time information (RTI) pilot and have not submitted a final full payment submission (FPS) or employer payment summary (EPS) for 2012/13.
The correspondences – set to be sent out from tomorrow (25 June) – are the equivalent of 2012/13 end-of-year penalty notifications.
Fines have been applied from 19 May 2013 to ensure RTI trialists are treated in the same way as non-pilot employers, according to the Revenue.
Hema Tailor (TC2614)
A radical new approach to address high-profile tax avoidance
Employers using products from one particular software provider have received penalty warning notices from HMRC because they sent their end-of-year information on the wrong type of submission.
The problem affects businesses that:
Reporting relaxation extended to April 2014
Reviewing the First-tier Tribunal decision in Apollo Fuels, which concerned company car leasing arrangements
Knowledgepoint 360 Group Ltd v CRC, Upper Tribunal (Tax and Chancery Chamber)
HMRC have announced new fuel rates for company cars. They will apply to all journeys on or after 1 June 2013 until further notice.
Employers may use either the previous or new rates for one month from the date of change and, therefore, make or require supplementary payments. They are under no obligation to do either. Petrol hybrid cars are treated as petrol vehicles for this purpose. The amounts can be used for VAT, but employers must retain receipts.
There are dangers in ITEPA 2003, s 222 if the strict time limit is ignored