General HMRC News
Record keeping support from HMRC 21 May 2015
If you or your clients fill in tax returns, VAT returns or claim benefits or tax credits, there are special rules when it comes to keeping accurate records.
HMRC has a number of resources to help individuals and businesses.
YouTube video on effective record keeping Download record keeping factsheet (pdf)
Use a record keeping app on your smartphone or tablet
Interactive live webinars:
26 May at 10:00 28 May at 09:00 28 May at 13:00
Record Keeping for the Self Employed Business Expenses for the Self Employed Capital Allowances for the Self Employed
If you haven’t taken part in live webinars before:
Sign up by providing a name and email address – a link will be sent to attend Ask questions in the text box on the screen – this will be explained further during the webinar.
Employment Status Indicator Tool 22 May 2015
The HMRC Employment Status Indicator Tool (ESI) has now been upgraded onto new software to make it more user friendly and address the accessibility problems experienced with the previous version.
Employment Status Indicator
HMRC just want the tax return and the tax in on time 8 June 2015
With the recent media coverage on HMRC’s approach to £100 penalties for people sending in their tax return late, HMRC has issued a news item reiterating their resource focus on investigating major tax avoidance and evasion rather than penalising ordinary people who are trying to do the right thing.
The press release states:
“…it’s important to make clear that the deadline for appealing fines for 2013/14 tax year has now passed. Those who have already appealed will only be let off the fine if they’ve now sent in their return, paid the tax due, appealed and have a good reason for sending it in late.
This is part of our planned, proportionate approach to penalty appeals, particularly for small businesses and individuals.
The bottom line is that we don’t want to charge penalties, we just want the tax return and the tax in on time.”
HMRC also said that in addition, the more complete picture that digital technology gives them means, in the longer term, they want to move away from sending out penalty notices as a mechanical reaction to a single missed deadline.
They will be able to track patterns of behaviour so that they only focus on those who persistently fail to pay or send their tax returns on time.
This new approach was set out in the recent HMRC penalties discussion document. (See CIPP response to HMRC Discussion Document on Penalties for full details.
CIPP Policy News Journal
25/04/2016, Page 202 of 453
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