In June 2017 HMRC will launch a compulsory online Trusts Registration Service for all trusts with UK tax liabilities and complex estates.
SME Tax News
Finance (No 2) Bill 2017 received Royal Assent on 27 April 2017, becoming Finance Act 2017 and parliament was dissolved on 3 May 2017.
Hello
Another exciting week in the world of tax. We have seen over half the current Finance Bill cut out due to the decision to call an early election. This has left a lot of taxpayers in limbo and it is perplexing that no announcement has been made to offer any comfort to those affected.
On Wednesday morning HMRC raided football clubs Newcastle United and West Ham United as part of an investigation into tax fraud. It is probably in connection with transfer fees.
The Information Commissioner (ICO) has fined a North West financier £40,000 for sending out thousands of unsolicited marketing texts promoting loans.
From 2 May HMRC will no longer provide agents with information on their clients’ pay, tax and employment history over the phone.
HMRC have issued their Agent Update for April / May 2017: we have summarised the key content for you with links to our detailed guidance on the topics covered.
Just after scrapping over half of the original Finance (No 2) 2017 Bill, parliament introduced five new clauses into Finance (No 2) Bill as follows: