HMRC are writing to the 167,000 employers who have missed one or more of the deadlines for reporting their PAYE information in real time.
HMRC have announced that for the first time they now have access to information on all credit and debit card payments to UK businesses. HMRC intend to use this information to aid them in a new crackdown on tax evasion.
New company car advisory fuel rates have been published which took effect from 1 September 2013. HMRC’s website states:
New research suggests that the number of workers on zero hour contracts, with no guarantee of hours or pay, are becoming more widespread.
HMRC have introduced a Field Force Verification Helpline, so that taxpayers can easily check whether or not a caller on their doorstep claiming to be from HMRC is genuine.
The ICAEW have issued a warning that individuals are being approached by firms offering to help them ‘unlock’ their pensions or access them early. Some unscrupulous firms are using misleading information and in some cases offering personal loans or cash
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HMRC are advising that they have now fixed the issue with Annual PAYE schemes.
HMRC are reminding parents with higher incomes who continued to receive Child Benefit after January 2013 that they must register for Self Assessment by 5 October 2013 to avoid any penalties in relation to the High Income Child Benefit Charge.
Taxpayers who have failed to submit tax returns, previously requested by HMRC, have been offered the opportunity to catch up and settle their arrears.
HMRC have received a number of requests since April 2013 from employers, asking for the status of their PAYE schemes to be changed to ‘annual’ which is only an option where employees are only paid once a year.
HMRC have launched a tax return ‘amnesty’ for those individuals who have been issued with a self assessment tax return or notice to complete a tax return for any year up to 2011/12 and have not completed the return(s).
HMRC have been trialling a new approach to enquiries, known as the Single Compliance Process (SCP).