2 March 2012 We have recently introduced a series of free online presentations or ‘webinars’ to give tax help and advice to businesses and the self employed. The webinars cover many different topics including – First steps as an employer, End of Year Returns and Statutory Payments but you must register in advance to use them. Registering is quick and easy - you only need your name and email address There are two types of presentation: · Live presentations or ‘webinars’ – these are available on set dates at set times. The actual presentation part lasts about 30 minutes but then there are an additional 30 minutes for a live question and answer session. These presentations will also be available as ‘pre-recorded webinars’ after the event. · Pre-recorded ‘webinars’ – these are available to view 24 hours a day, 7 days a week, at a time that suits you. For further information about the webinars, a full list of the topics covered and details of how to register for these presentations go to www.hmrc.gov.uk/webinars 21 March 2012 HMRC has clarified its view on the record keeping requirements, completion of Self Assessment Tax Returns and interpretation of 'merely incidental' duties with regard to dual contracts. Questions have been raised recently with HMRC regarding two issues that arise in dual contract arrangements – (i) what documents does HMRC expect employers and employees to retain and make available in response to enquiries into dual contracts; how does HMRC assess the relevant risks of these arrangements; how an employee should return income from dual contract employments; and (ii) what is HMRC’s technical and policy interpretation of “merely incidental” duties? HMRC have published a paper which is intended to clarify HMRC’s view on these two issues. 28 March 2012 HMRC have published a consultation which proposes possible changes to the Income Tax rules on the taxation of interest and interest-like returns, and rules on the deduction of tax at source from such amounts has been published. The consultation covers the income tax rules on the taxation of interest and interest-like returns, and rules on the deduction of tax at source from such amounts. The aim is to address a number of current issues in the field of the taxation of interest, which HMRC has become aware of through recent enquiries from and correspondence with taxpayers, tax practitioners and financial institutions. HMRC CLARIFICATION REGARDING DUAL CONTRACTS CONSULTATION ON PROPOSALS TO CHANGE INCOME TAX RULES ON INTEREST
CIPP Policy News Journal
09/10/2012, Page 93 of 234
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