Admin

Taylor Made Consulting Ltd (TC4018)

P Rowe (TC4023)

Stamp duty penalties revised

HMRC are set to launch a test version of their latest web tool for tax advisers, as the department continues to ramp up its digital services.

The offering known as agent online self-serve (AOSS) will be made available by the end of the year to volunteers, to provide access to details of employer PAYE clients’ tax liabilities and payments.

Users will experience:

Download background and reviews of tax software, online solutions and specialist digital products.

A large proportion of the supplement, produced in association with our sister title Tax Journal, is devoted to personal tax products, especially those geared towards self assessment

The Revenue plans to raise the supervision fees charged to firms under anti-money laundering regulations.

The tax department has launched an informal consultation on the structure of the levies, which was set in 2010 to include a registration and renewal payment of £110 for each premises, and a £50 fit-and-proper test fee per director, beneficial owner, nominated officer and other person exercising effective control of the business.

HMRC have launched a webinar to show the connection between the completeness and accuracy of a self assessment (SA) tax return and the quality of supporting records.

Self Assessment Tax Returns – Expenses Risks and Concerns is aimed at all agents, especially new advisers and those who file SA returns for small and medium-sized enterprises that include expenses claims.

Live sessions are available throught October:

HMRC plan to withdraw three extra-statutory concessions (ESCs):

The effect of compliance checks on small and medium-sized firms

Taxpayer behaviour is a major influence on HMRC penalty calculations

Key dates for your diary

M S K Yip (TC3981)