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
Despite figures last month showing that IR35 revenue was incredibly low, new findings have found this to be not entirely accurate. The PCG requested information from the government into IR35 enquiries and their success and revenue, however further investigations have … Continue reading
The IR35 Forum held their third meeting last month in their ongoing review of the IR35 legislation. The meeting was attended by most of the leading contractor and recruiter industry groups, including the REC, PCG, FCSA and APSCo, as well … Continue reading
A recent Freedom of Information request has revealed IR35’s recent yield and that only 322 cases have been examined in the last five years. The number of IR35 status enquiries fell from 158 in 2006/2007 to 23 in 2010/2011. This … Continue reading
HMRC have given a further warning about their investigations into those who have underpaid tax, following the CIOT’s own warning to sole traders earlier this week. They have confirmed that the arrests of 5 workers were “just the start” with … Continue reading
The Chartered Institute of Taxation (CIOT) have responded after HMRC stepped up their efforts in targeting sole traders for underpaying tax. This came as HMRC planned to investigate more than 600 plumbers, with 5 already under arrest. HMRC stepped up … Continue reading
The Commons Treasury select committee have this week released a report on the administration of HMRC, and picked up on a number of points of concern. These issues included the unacceptable standard of service and general dissatisfaction which the committee … Continue reading
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