New online tool should be approached with caution, says tax barrister
Mistakes discovered in nominations
HMRC working with overseas counterparts to analyse 400gb of info
...stock exchange; ISA Bulletin; investment trusts
Anti-money laundering compliance officers are set to phone firms registered with HMRC under the Money Laundering Regulations (MLR) 2007, to check if information held by the taxman is up to date.
The Revenue is permitted to the data under MLR regulation 37. Each officer will confirm his or her identity, ask for security information, and then seek details of business activities and customers, and answer questions.
The calls will help HMRC decide whether or not a visit is needed and give businesses the opportunity to clarify issues, said the department.
HMRC have agreed to change their dealings with represented taxpayers when making corporation tax and income tax checks in the single compliance process (SCP) trial.
A sub-group of the compliance reform forum, which includes representatives from the professional bodies and the Revenue to monitor progress of the SCP pilot, expressed concern about the taxman’s opening approach in the process: to contact the taxpayer directly, even where there was authorisation in place for an agent to act on the taxpayer's behalf.
British overseas territories with significant financial centres have signed up to the government’s strategy to create global tax transparency.
Employers still expected to meet May deadline
...error messages; child trust funds; SAIM revised; landfill tax
Taxman reponds to internet speculation
New edition of Agent Update summarised
Platform will follow progress of plan against evasion
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