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):
Taxpayer behaviour is a major influence on HMRC penalty calculations
The effect of compliance checks on small and medium-sized firms
Key dates for your diary
M S K Yip (TC3981)
Jobs for your attention this week
The worrying impact of HMRC’s penalty system on vulnerable taxpayers
Business records checks are proving valuable to the taxman
The Association of Accounting Technicians (AAT) is seeking tax experts’ views of plans to allow HMRC access to taxpayers’ bank accounts.
An online survey from the AAT aims to establish the strength of feeling among industry professionals about the controversial direct recovery of debt (DRD) proposals, against which Taxation is campaigning.
N Pattullo (TC3958)
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