HMRC also wish to gain a better understanding of the impacts if any changes were made to the current rules. HMRC would like to hear from tax practitioners, individuals who are subject to the income tax rules on savings and investment income in Part 4 of the Income Tax (Trading and Other Income) Act 2005, and financial institutions and others who pay interest under deduction of tax.
Digital by Default
DIGITAL BY DEFAULT CONSULTATION
10 August 2011 This Digital by Default consultation considers the next steps in making HMRC’s Registration Wizard the digital by default channel to get set up for the main direct business taxes of Corporation Tax, Income Tax Self Assessment/Class 2 NICs and PAYE. It is part of the “One Click” programme of work in HMRC to accelerate the move to delivery of services through online channels. There is also an opportunity to comment on a number of other areas. XBRL tagging and small repayments are discussed on Corporation Tax and how HMRC can improve their service on ceasing businesses for Income Tax and PAYE. The consultation also asks for views on providing email addresses as part of a business’s designatory data. Moving transactions online as the default channel is part of wider Government policy. This consultation builds on the announcement by the Minister for the Cabinet Office, Francis Maude on 23 November 2010 and the follow up announcements in HMRC’s Overview of Tax Legislation and Rates and the Growth Review in the 2011 Budget. It explores options for moving notification of business tax registration processes for each of the main business taxes to online channels. This is an opportunity to influence: the way the shift might most effectively be achieved for each tax; how to ensure no one is left behind and that the right support and education is in place; treatment of special cases. This is the first opportunity since the consultation on the reforms arising from Lord Carter of Coles’ 2006 Report3 to influence the operation of the digitalisation of the business tax processes. The Policy team will be creating a survey later this month to gather member input. A separate but linked consultation on the next steps for moving VAT online has also been launched today. 20 September 2011 As part of its “One Click” programme, HMRC is bringing together the online registration process for all business taxes. From April 2012, this will enable businesses to use a single, interactive online facility (Registration Wizard) to register for multiple taxes and HMRC’s online services. In his announcement on Digital by Default, the Minister for the Cabinet Office announced HMRC’s Registration Wizard would be one of the first of these initiatives. HMRC would make DIGITAL BY DEFAULT CIPP POLICY SURVEY
CIPP Policy News Journal
09/10/2012, Page 94 of 234
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