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A briefing paper on the single compliance process (SCP) has been published by HMRC for tax agents.

The SCP provides a single framework that will be used for most future compliance checks on small and medium enterprise businesses. The recent evaluation found:

HMRC have published a consultation on tax-free childcare for working families and additional assistance with childcare for parents through universal credit. Under the scheme to be administered by the Revenue, the government will provide 20% of working families’ childcare costs, subject to an annual limit of £1,200 for each child.

Parents will register with a voucher provider and open an online account. The government will then top up payments into this account at a rate of 20p for every 80p that families pay in, subject to the above limit.

HMRC’s non-statutory business and non-business clearance systems have merged to become the other non-statutory clearance service.

Agents are advised by the department to check before using the new set-up that a transaction is not covered by a more appropriate clearance or approval route, and that the Taxman’s guidance does not answers the question.

If there is still uncertainty about official interpretation of recent tax legislation, the Revenue can advise in writing unless:

Think carefully about the costs, advises Revenue

...Panama; DOTAS – SRNs; Stock exchange

The Treasury has launched a consultation on the devolution of stamp duty land tax (SDLT) to the National Assembly for Wales, following recommendations by the Silk Commission.

The UK’s VAT exemption for business supplies of research between eligible bodies has been withdrawn with effect from 1 August 2013.

The move follows notification from the European Commission that the exemption (VATA 1994, sch 9 group 6) does not comply with European legislation. HMRC have published Revenue and Business Brief 21/13 to provide full details.

Taxpayers who have kept silent about profit earned on the offloading of a residence other than their main homes have one month left to make use of an HMRC ‘amnesty’.

The property sales campaign is aimed at people who have made money on the sale of second homes in the UK or abroad – including those that have been rented out or used only for holidays – and have not paid the necessary capital gains tax (CGT).

HMRC have launched a consultation on the matching rules and draft guidance relating to the transfer of assets abroad.

The Revenue has published ten tips to help companies get their construction industry scheme (CIS) repayment claims right first time.

The department suggests that taxpayers use the advice (below) as a checklist to ensure they have covered all aspects before sending a claim to HMRC at PAYE Employer Office, Room BP4009, Benton Park View, Newcastle upon Tyne NE98 1ZZ.

The UK’s corporate tax set-up “urgently needs reform” to put a halt to the “serious problem of avoidance” it faces, according to a new parliamentary report.

The system’s complexity and inconsistencies with the wider international tax framework undermine the public’s trust by allowing big companies to shift profits between countries in ways that reduce their liabilities in the UK, claims the document from the House of Lords’ Select Committee on Economic Affairs.