the taxpayer has failed to make a full disclosure to HMRC at the outset, so failing to receive the maximum possible reduction in penalties for full and early disclosure and assistance.
There is a legislative requirement for HMRC to ensure it publishes names for only 12 months.
Details are published only once all appeal routes against the related tax and penalties are exhausted. Details must be published within 12 months of the penalty becoming final.
Legislation to allow HMRC to publish the details of deliberate tax defaulters was introduced in Finance Act 2009.
STILL RECEIVING CHILD BENEFIT AND EARNING OVER £50,000?
7 March 2013
HMRC have published a reminder to families to give them an opportunity to reduce the need for completing Self Assessment beyond 2014.
The High Income Child Benefit charge was introduced on 7 January 2013 and affects families where someone has an income over £50,000. These families had two options, which were:
stop receiving Child Benefit payments, or pay back some or all of the payments they receive through the tax system.
Some people chose to opt out of receiving Child Benefit before 7 January as an alternative to paying the tax charge. Those who didn't stop their payments must register for Self Assessment by 5 October and complete a tax return to pay back some or all of the payments they have received during this tax year. With the 2013-14 tax year about to start in April, high income families still receiving Child Benefit who don't need to be in Self Assessment for any other reason can decide not to complete further tax returns beyond 2014. For employees who wish to make this choice, they need to stop their Child Benefit payments by 28 March. Those choosing to opt out now will still need to register for Self Assessment this year - by 5 October - but will only need to complete a tax return for the charge once - by 31 January 2014. Families where someone has an income over £60,000 are more likely to want to stop their Child Benefit payments as the tax charge will be equal to the amount of Child Benefit received. Where the partner with the higher income has an income between £50,000 and £60,000 a year, they may wish to be paid Child Benefit as the extra tax charge will be less than the Child Benefit.
HMRC SERVICE UPGRADE AND CLOSURE OF ONLINE SERVICES
19 March 2013
HMRC have provided an update to confirm the closure of online services for service upgrade.
Online Services are expected to close from 06:00 a.m. on Thursday 4 April and open for use by 06:00 a.m. on Saturday 6 April. Messages about the availability of specific services during
CIPP Policy News Journal
12/04/2013, Page 110 of 362
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