HMRC has removed 2SV if it was set up by agents on their Government Gateway account to access services on behalf of clients.
The system does not support modern working patterns.
Treasury publishes a consultation for reforms.
Plans to overhaul taxes in the single market announced.
The OTS has published a report calling for evidence.
Tax credits; Avoidance; Deposit protection; Banks; PAYE
HMRC has published the text of a letter by Jim Harra, tax assurance commissioner, which was published in the Financial Times on 10 November 2016:
‘HMRC will not be asking anyone to file accounts five times a year, nor will we be introducing in-year quarterly payments. Businesses will simply send in-year updates to HMRC using information collated automatically by the same software used to record day-to-day transactions. This will help businesses pay the right amount of tax, taking away the need to put things right at a later date.
A shake-up of the tax system is needed to turn the UK’s small companies into job-creating machines, according to a report from the Institute of Directors, Grant Thornton UK LLP and the Prelude Group.
More than 30 individuals and companies are being investigated for criminal or serious civil offences linked to tax fraud and financial wrongdoing uncovered by the Panama papers taskforce.
In a written ministerial update to the House of Commons, the chancellor of the exchequer and the home secretary reported that the cross-agency taskforce has:
Check your pension annual allowance.
Restricting the allowance from employers of ‘illegal workers’.
RPI; VAT accounting; Registration; Pensions; Approved list; Autumn statement
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