HMRC, Tax & Treasury

HMRC is encouraging charities to remind people to tick the Gift Aid box on their donations so they don’t miss out on £600m extra funding.

HMRC has published a new guide which provides guidance on how to make sure you take reasonable care if you need to send tax returns and other documents to HMRC, and what happens if you don’t.

HMRC is inviting views on how they should legislate to extend the time limits to assess tax in cases involving offshore income, gains or chargeable transfers.

HMRC has written to the Chief Executives of Asda, Morrisons, Sainsbury’s, and Tesco to enlist their help in fighting a high-profile iTunes phone scam which is conning vulnerable and elderly people out of thousands of pounds.

HMRC have revised their deemed domicile rules for Income Tax and Capital Gains Tax which came into effect from April 2017.

HMRC has published details relating to the number of completed tax returns submitted before the 31 January deadline, the majority of which were done through their online portal.

The government has set up the new Office for Professional Body Anti-Money Laundering Supervision (OPBAS) to be the new regulator to strengthen the UK’s anti-money laundering (AML) supervisory regime and ensure the professional body AML supervisors provide consistently high standards of AML supervision.

In its efforts to clampdown on tax avoidance and evasion, HMRC has updated its tax standard document for accountants and agents so that is more explicit in stating that they must not promote artificial tax planning arrangements that exploit gaps in legislation.