Despite amendments to its proposals the Government's Disguised Remuneration legislation has been branded "far too complicated" by the Chartered Institute of Taxation (CIOT). It "risks creating problems as well as solving them".
Archived SME tax news
HM Revenue & Customs (HMRC) has created new Taskforces in three regions of the UK order to tackle tax evasion in high risk sectors. First to be targeted are restaurants in London, the North West and Scotland.
The PAYE tolerance for adjustments to tax has decreased from £300 back to £50.
HMRC have released a YouTube video to explain ‘Penalties for inaccuracies in documents and returns’.
HM Revenue & Customs (HMRC) guidance on Inheritance Tax issues associated with Employee Benefit Trusts.
Consultation on enacting another batch of HMRC's Extra Statutory Concessions (ESCs) ended on March 8th 2011. This last round included ESC C16 (striking off a company).
The Simplified PAYE Deduction Scheme Employer Pack is something that many agents may not be aware of.