Geoffrey Shindler takes issue with the use of language by HMRC ‘There is no question that trustees do not have an option not to follow the permission granted to allow registration – it is an offence against the law not to do so. How can HMRC think its credibility is being improved by writing what …
Continue reading "Musings from Manchester: The power of words"
This post is only available to members.
Paul Saunders looks at when trustees should submit details of trust income to HMRC ‘It is in the interest of HMRC staffing levels for checking returns to have a wide definition of “mandated” although, of course, the wider the definition the more resources may be required to actively police compliance.’ What does ‘mandated’ mean when …
Continue reading "HMRC: Have you mandated?"
This post is only available to members.
Hayley Watson and Duncan Bailey examine HMRC’s proposal to penalise ‘enablers’ of tax avoidance schemes ‘The Disclosure of Tax Avoidance Schemes legislation was introduced to encourage the disclosure of schemes which seek to avoid tax.’The government’s most recent attempt to clampdown on tax avoidance comes in the shape of the consultation paper ‘Strengthening tax avoidance …
Continue reading "HMRC: Tax Britannica"
This post is only available to members.
Wills & Trusts Law Reports | November 2011 #114On 27 September 2010 HMRC sent H Ltd a penalty notice in the sum of £400 on the basis that H Ltd had failed to file its employer’s end of year annual returns by 19 May 2010. The penalty was calculated at £100 per month for four months. On 21 October 2010 a further penalty notice in the sum of £100 was issued given that the necessary filing had taken place on 15 October 2010 once H Ltd had been alerted to its default.
H Ltd acknowledged that it did not comply with the duty to file the returns. It did so because it believed that as its only employee had ceased employment part ...
