HMRC have issued a rundown of estimated turnaround times for requests for agent authorisation for self assessment, saying advisers who wish to be effective before 31 January should apply online by 15 January or post form 64-8 by 23 December.
Taxpayers’ applications for self assessment registration should be sent by mail no later than 20 December.
Some banks and other financial institutions use inappropriate criteria to decide in which format they report payments of interest, HMRC have warned.
The department’s announcement follows an initial check of data supplied to fellow European Union states under the EU savings directive.
Financial institutions’ declarations regarding payments of interest can be made either under FA 2011 schedule 23 – by type 17 and type 18 returns – or the UK regulations that implement the savings directive.
R Howard t/a The Albion Inn (TC2976)
Day-to-day problems for tax advisers, and a touch of Buddhist training
Key activities for you and your colleagues
HMRC have published a breakdown of the number of legal tax-dodging arrangements revealed to the department under the disclosure of tax avoidance schemes (DOTAS) regime in the six months to 30 September 2013.
The figures show 17 reports covering direct tax were made during the most recent period, the smallest number since DOTAS was introduced in 2004 and nearly half of the 32 registered in the previous half-year.
Yellow Crown Ltd (TC2915)
R Downward (TC2905)
A new service has been launched by HMRC to make matters easier for vulnerable individuals dealing with the tax department.
The deemed consent system for income tax enquiries aims to provide an informal channel for advisers to act on behalf of disable and disadvantaged clients in communications to the taxman
Nijjar Dairies Ltd (TC2828)
The First-tier Tribunal decision that created further uncertainty for self assessments taxpayers
Jobs to share around your office
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