UK's largest independant tax website
Are you a member ?
|
Home > Tax News

Tax News

The changing face of ‘face-to-face’

Print E-mail
Personal Taxes
Written by Low Incomes Tax Reform Group   
Thursday, 10 June 2010 08:48

LITRG comments on the impact of HMRC proposals to reshape their ever-dwindling Enquiry Centre service still further.

Read more...
 

Pension contributions limits confirmed

Print E-mail
Personal Taxes
Written by Sarah Laing   
Wednesday, 02 June 2010 15:27

The Registered Pension Schemes (Standard Lifetime and Annual Allowances) Order 2010 (SI 2010/922) came into force on 15 April 2010.

The Order specifies the rate of the standard lifetime allowance and the annual allowance for the tax years 2011–12 to 2015–16. The standard lifetime allowance will remain at £1.8m and the annual allowance will remain at £255,000 during this period.

An explanatory memorandum accompanying the statutory instrument is available on the Office of Public Sector Information website at www.opsi.gov.uk/si/si2010/em/uksiem_20100922_en.pdf.

 

Foreign exchange rates 2009–10 published

Print E-mail
User Rating: / 2
PoorBest 
Personal Taxes
Written by Sarah Laing   
Wednesday, 02 June 2010 15:27
A table of foreign exchange rates accepted by HMRC as the average rates for the years to 31 December 2009 and 31 March 2010, together with a table of spot rates on 31 December 2009 and 31 March 2010, is now available on the HMRC website at http://www.hmrc.gov.uk/exrate/.
 

New time limit changes take effect

Print E-mail
HMRC
Written by Sarah Laing   
Wednesday, 02 June 2010 15:26

HMRC have issued Brief 16/10, which clarifies the new time-limits for assessments and claims introduced by Finance Act 2009, Sch. 39 with effect from 1 April 2010 in the case of capital gains tax, corporation tax, income tax, PAYE and VAT. The new time limits came into effect on 1 April 2010 for direct taxes. The normal time limits for these taxes have decreased from six years, or five years from the 31 January immediately following the tax year, to four years.

The new time limits came into effect on 1 April 2009 for VAT because the normal time limits for VAT have increased from three to four years. There are transitional provisions for VAT. These provisions prevent out of time periods from coming back in time by disregarding a prescribed accounting period that ended on or before 31 March 2006. This means that by 1 April 2010 the four year time limit for VAT assessments applies in full.

 

Working Together issue 39 published

Print E-mail
HMRC
Written by Sarah Laing   
Wednesday, 02 June 2010 15:25

The latest issue of the HMRC publication Working Together is now available. Topics covered include:

  • progress of the new local Working Together model;
  • new legislation to develop a standard compliance system;
  • Shares and Assets Valuation changes;
  • function of form R40;
  • correction and amendment of SA tax returns and company tax returns; and
  • filing VAT returns online for clients from April 2010.

Working Together issue 39 is available on the HMRC website at www.hmrc.gov.uk/agents/working-together-39.pdf.

 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 3 of 117
Hitwise Award Winner Apr-Jun 2008 Hitwise Award Winner Jul-Sep 2008 Hitwise Award Winner Oct-Dec 2008 Hitwise Award Winner Jan-Jun 2009 Hitwise Award Winner Jul-Dec 2009 Alexa - Most popular news and media website

TaxationWeb Limited (Registered in England No. 4571386), 6 Coleby Avenue, Peel Hall, Manchester, M22 5HH, United Kingdom

Information which you supply whilst using this website may be held in our computer records and may be used to send you information which we think might be of interest to you. If you do not want your information to be used for such purposes please write to us at: 6 Coleby Avenue, Peel Hall, Manchester M22 5HH, UK, or email us

Website by Dorifor Internet Marketing