Tax Round-up 2020
This webinar from the Tax Faculty provides a round up of all the measures that are under review and subject to consultation, and how the faculty will be responding.
Expert commentary and practical guidance from ICAEW related to penalties associated with failing to comply with UK tax regime.
The government has published a call for evidence on HMRC's enquiry and assessment powers, penalties, and safeguards.
While a record 11.5 million self assessment tax returns were filed by 31 January, the number missing the deadline increased by 100,000.
This month’s top stories include mandated payrolling employer-provided benefits; information around the abolition of the pensions lifetime allowance; and an explainer on how to calculate NICs for directors.
Highlights from the broader tax news for the week ending 24 January 2024, including: time to pay arrangements; preparing for changes on moving goods from Ireland to Great Britain; HMRC research on VAT penalty reform; insolvency guidance on operating PAYE; and updates to the process for applying for probate.
HMRC has introduced an interactive form to speed up the process for corporation tax penalty appeals.
The government has missed the opportunity to seriously reconsider its MTD ITSA policy. The decision on mandating MTD for the self-employed and landlords with turnover below £30,000 is to remain under review.
Highlights from the broader tax news for the week ending 9 August 2023, including: late payment interest on VAT or penalties; reporting requirements for platform operators; and SAYE bonus rates.
The penalties cover failing to register, submitting a late return, late payments and failing to meet other requirements of plastic packaging tax.
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A chapter aimed at individual taxpayers, setting out practical points relating to the payment of tax, interest and penalties. It includes some advice on what to do if you are unable to settle your tax bill.
Section covering the penalties for late VAT registration, unauthorised issue of tax invoices, and late, fraudulent or erroneous tax returns.
A high level overview of the framework of VAT administration covering appeals and the interest charged on VAT recovered through the raising of an assessment.
This chapter identifies when income tax is payable and how interest is calculated on underpaid or late payments. It also touches on the tax penalties which may be imposed for failing to comply with tax law.
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A full chapter providing practical guidance on penalties for incorrect tax returns.
A chapter on HMRC powers in relation to tax penalties.
Guide to the growing breadth of HMRC powers and the increasingly complex penalty regime for non-compliance.
This chapter provides an overview of HMRC assessments and VAT penalty procedures.
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A representation dated 10 July 2023 to a consultation published by HMRC on 27 April 2023.
ICAEW’s response to HMRC’s call for evidence on Income Tax Self Assessment Registration for the Self-employed and Landlords. ICAEW does not support the suggestions for basing the notification requirement on the date an income source starts or a threshold is exceeded or reducing the period after the end of the tax year allowed for notification.
Briefing submitted to MPs on 12 April 2021 on Finance (No.2) Bill 2019-21 published by government on 11 March 2021 on clause 113 and schedule 25 which relates to penalties for failure to pay tax.
A response dated 25 January 2021 to a consultation published by HMRC on 16 December 2020.