Full details are available from HMRC's website
INTEREST RATES FOR LATE PAYMENTS AND REPAYMENTS
2 November 2011 HM Treasury has made and laid regulations before the House of Commons setting out the interest rate formulae for late payment interest and repayment interest. They will come into force from 31 October 2011. Interest rates for late payments and repayments
REVIEW OF HMRC’S POWERS, DETERRENTS AND SAFEGUARDS
5 February 2012 The Review has published an updated summary of the legislation that has been enacted and the date it comes into effect. Follow this link to view the latest Powers, Deterrents and Safeguards summary table
HM REVENUE & CUSTOMS BUSINESS RECORD CHECKS
6 February 2012 HM Revenue & Customs (HMRC) has announced a fresh approach to its business records checks programme in 2012, following a review. The review, which included discussions of the pilot programme with trade and professional bodies’ representatives, found clear evidence that it is effective in improving record-keeping practices in smaller businesses. However, it recommended that the checks are more
targeted in future, linking to available education and support. Find out more about the review of business record checks
HMRC ALTERNATIVE DISPUTE RESOLUTION TRIAL FOR SMES
22 February 2012 ADR provides customers with an alternative way of resolving tax disputes in compliance checks by using an independent facilitator. This extended trial is now available to Small and Medium Enterprise customers whose business is based in Wales, North West England, South West England and London. ADR covers both VAT and direct taxes disputes, and entering into the ADR process will not affect the customer's existing review and appeal rights. Follow this link for full details from HMRC
CIPP Policy News Journal
09/10/2012, Page 190 of 234
Made with FlippingBook - Online magazine maker