It’s usually quite a big deal when a major trade industry body has a row with the Government over policy, but it’s even more serious when two of them do!
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HMRC has confirmed that is forging ahead with its Real Time Information pilot scheme.
A recent survey has revealed that unpaid tax bills are one of the main reasons SMEs find themselves with cash flow difficulties.
Accountants may want to check out the HMRC website and look at the Business Tax Dashboard that was added during the Revenue’s Easter maintenance offline period.
The Revenue has issued an apology to callers who could not get an answer when they telephoned its contact centres following the Easter break.
Accountants will no doubt be aware that the current tax year ends on Thursday. They now need to cast their minds towards their client’s Employer Annual Payroll Returns.
Accountants may want to advise their clients to get their tax and National Insurance payments in order after the news that HMRC has been given new powers to crackdown on companies that do not pass on contributions to the Revenue.
Accountants in London will probably be relieved to hear that Chas Roy-Chowdhury has joined in the call for HMRC to speed up the issuance of penalty notices.
Portsmouth Football Club has not been enjoying the best of fortunes over the last couple of years, as some accountants will no doubt be aware.
Tax accountants may be interested to learn that HMRC is planning to appeal against the decision of the first tier tax tribunal judge in its case against HOK.