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In a statement HM Revenue & Customs have confirmed that it will waive penalties for any tax returns filed after 31st January provided they are submitted by midnight of 2nd February. There is a similar grace period for paying any … Continue reading
It has been revealed that HMRC have won their case against Reed, a specialist recruitment company. They took the recruiters to court over travel and subsistence bills of their temporary job candidates. Reed paid 500,000 temporary workers between 1998 and … Continue reading
The decision to postpone the latest IR35 Forum meeting could indicate progress on the proposals being looked at to improve IR35 administration. HMCR confirmed that the meeting originally scheduled for January 18th has been moved to the 21st February following … Continue reading
HMRC have this week announced that they are to review their Business Records Checks which was initiated last year. The idea behind the checks was to encourage businesses to keep better records, but it was criticised because of the amount … Continue reading
As many as 20,000 HMRC staff that provide advice on tax returns have staged a ‘lightning’ walkout this afternoon. They are protesting about HMRC’s plans to outsource and privatise their workload. HMRC is holding year-long trials from next month with … Continue reading
A contractor recently looked to Contractor UK to seek advice on whether they should change accountants. They were concerned that by changing accountants, it may raise a ‘red flag to HM Revenue & Customs’. Bob Jones, a former Inland Revenue … Continue reading
We are only 3 days into 2012 but ICS would like to remind all those that submit their own tax returns to ensure it is done before the deadline of 31st January. If your accountancy firm submits your return, ensure … Continue reading
The IR35 Forum held their fourth meeting last month, where a number of issues were addressed including the latest on the IR35 ‘business test’ and discussion on prioritising high risk cases. One of the members of the IR35 Forum this … Continue reading
With HMRC working towards finding a more efficient IR35 solution and improved tax efficiency, there were some promising figures for them this week, as the amount collected from compliance activity was at the highest level for five years. Recent figures … Continue reading
The minutes of the latest IR35 Forum have been published on the HMRC website, with further discussion taking place regarding potential IR35 tests and the cases which HMRC are aiming to target. Following the October IR35 Forum meeting, HMRC and … Continue reading
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