hmrc

Withdrawal of Extra-Statutory Concession C16 (ESC 16)

Steve Smith
March 19, 2012 13:47

The Government has introduced new legislation into the Corporation Tax Acts covering Extra-Statutory Concession C16 (ESC C16) which took effect on 1 March 2012. Previously, with the prior consent of HMRC, distributions to shareholders as part of an informal winding-up prior to a company being...

2012/13 tax codes

Cathy Corns
February 20, 2012 10:21

HMRC will be issuing employees and directors annual coding notices for 2012/13 between January and March 2012. Co-enveloping notices of coding, i.e. placing two P2s in one envelope, will continue where a taxpayer is due to receive more than one form. HMRC believe this means that about 96% of...

Online VAT Returns

Richard Collier
February 07, 2012 12:43

As of April all VAT returns must be submitted online.  Returns for any VAT period beginning on or after 1 April 2012 will need to be submitted online, and payment will need to be made electronically.  HMRC will shortly be issuing letters to VAT registered traders explaining the change and...

HMRC to verify mortgage applications

Cathy Corns
September 26, 2011 10:52

A new scheme 'The Mortgage Verification Scheme' is being introduced. HMRC will be paid to check whether mortgage applicants' details match their tax declarations with a view to helping lenders cut down on mortgage fraud.

Anti-avoidance

Cathy Corns
September 23, 2011 10:41

HMRC has updated its list of "spotlights" setting out those planning arrangements that HMRC believe do not work and so will challenge. The latest spotlight deals with the attempts to avoid the third party remuneration regime. The full list can be found here.