HMRC have started the automated end-of-year PAYE reconciliations for 2013/14. The department expects the process to be completed by mid-September.
Taxpayers who paid too little or too much tax under PAYE for the year will receive a calculation on form P800, showing the details along with notes explaining what the figures mean.
Those who overpaid will in most cases be sent a cheque within 14 working days from the receipt of the P800 calculation.
MC and LJ Ive Ltd & M Ive (TC3529)
A registered charity is a company limited by guarantee. The chief executive officer’s son will become an employee and will take over from his father. The charity intends to loan money to assist with housing costs
A company director takes no salary and the PAYE scheme exists only for the reporting of benefits in kind and expenses. Advice is required on the most administratively easy way of dealing with the requirements of the real time information system. Should a nil in-year submission be made for the whole year and, if so, when?
Why Reed Employment failed in its application for judicial review of HMRC’s decision to revoke PAYE dispensations
Mrs E Amri (TC3451)
What transpired in the third and fourth Finance Bill sittings
A client is the director and shareholder of his own limited company for which he works as a diving supervisor on vessels that repair oil rigs. Can seafarers’ exemption be claimed?
HMRC anticipates in-year fines for late-filed returns
Reed Employment plc and 11 others v CRC, Upper Tribunal (Tax and Chancery Division)
Director A owns 16% of the shares of a trading company. The fortunes of the company have declined and she intends to resign and to gift shares to the other shareholders and directors. Director A would like to hold over any chargeable gain
A practical look at the tax treatment of gains by offshore trusts