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As widely hoped, even anticipated, the Government has accepted Lord Carter's revised recommendation that, for 2007-08 and subsequent self assessment returns, the filing period for paper returns should be reduced to seven months, the new deadline being 31 October, and the filing period for online returns should remain at ten months, i.e. with a deadline of 31 January.
He has also suggested that HMRC officials should work with practitioners to explore how in future the practical difficulties in collecting data earlier might be overcome so that taxpayers can complete their returns sooner if they wish. This updating of the self assessment system takes account of both the views of tax professionals and the operational requirements of HMRC.
www.hmrc.gov.uk
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Sir David Varney is to stand down as chairman of HMRC on 1 September 2006 after completing two years of his three-year fixed appointment. Arrangements for the appointment of his successor at HMRC will be announced in due course. Meanwhile, Paul Gray continues as deputy chairman.
Sir David will be based in HM Treasury from 1 September until he leaves the Civil Service on 31 December. He will be working full time in his capacity as the Chancellor's senior adviser on transformational Government; he was appointed as the Chancellor's senior adviser on the transformational Government strategy in the 2006 Budget. During this period he will remain a member of the permanent secretaries management and steering groups and a non-executive director on the Board of HMRC. He remains a non-executive director of the Treasury.
HM Treasury press release dated 19 July 2006
