this service upgrade will be published over the coming days, so make sure you check this page regularly Service Issues - PAYE .
HMRC SERVICE UPDATE
19 March 2013
HMRC have provided a service update to confirm that they are looking in to issues where employers are not receiving submission responses issued by the Government Gateway.
At this time of year particularly if you find yourself encountering an issue related to online services then you may be able to find an update at the HMRC website Service Issues - PAYE .
NEW DOUBLE TAXATION CONVENTIONS SIGNED FOR NORWAY AND SPAIN
18 March 2013
New comprehensive Double Taxation Conventions with Norway and Spain were signed on 14 March by David Gauke, Exchequer Secretary to the Treasury, and Kim Traavik, Ambassador of the Kingdom of Norway and His Excellency Mr Federico Trillo-Figueroa Martínez-Conde of Spain respectively.
Important new features include:
Norway A zero withholding tax on dividends received by pension funds and by companies that have a 10% or more control of the paying company. The latest OECD provisions on business profits, exchange of information, assistance in collection and arbitration. A change to the pensions article so that pensions will be taxed at source. Existing pensioners have the safeguard of being able to elect to continue to be taxed in their state of residence as provided by the current treaty. Spain This new treaty has substantial benefits for companies, pension schemes and individuals. The dividend withholding tax rate in the existing treaty is 15% for portfolio investors and this will be reduced to 10% for portfolio investors and to zero for direct investors and pension schemes. The withholding tax rates for interest and royalties are also reduced to zero. The new DTC also makes other welcome improvements, such as a provision to clarify access to treaty benefits by participants in fiscally transparent entities, an arbitration provision and updated anti-abuse measures.
to see the texts of the new Conventions which will be published by the Stationery Office once presented to Parliament for approval click here.
HMRC NAMES AND SHAMES IN ANOTHER CASE OF FRAUD
15 March 2013
A former president of the Association of Taxation Technicians (ATT) and a fellow company director have been jailed for eight and half years each for a £5 million pension scheme tax fraud.
Andrew Meeson and associate Peter Bradley were both found guilty of the conspiracy which centred on two pension schemes administered by their company, Tudor Capital Management
CIPP Policy News Journal
12/04/2013, Page 111 of 362
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