Business readiness checklist
DISHONEST TAX AGENTS
28 March 2013
As from April 2013 new legislation will allow HM Revenue & Customs to address dishonest conduct by tax agents and issue civil penalties.
From 1 April 2013, new legislation will allow HMRC to:
investigate dishonest conduct by tax agents charge civil penalties publish the details of tax agents who have acted dishonestly
HMRC have worked closely with the professional bodies to develop this legislation which contains many safeguards and checks. These include tribunal approval for a file access notice, the right of appeal against some of HMRC's decisions, and that key decisions must be authorised at a senior level.
Introducing this legislation will help HMRC protect the majority of honest, professional tax agents.
Full guidance about how HMRC aim to deal with Dishonest Tax Agents is available at HMRC’s website.
National Insurance
Regional Employer NICs Holiday
REGIONAL EMPLOYER NICS HOLIDAY
(From HMRC weekly update 11 MAY 2012)
Regional Employer National Insurance Contributions (NICs) Holiday for New Businesses
If you have successfully applied for the scheme and have employed someone during the 2011-12 tax year, you or your agent should have received an Employer NICs Holiday End of Year Return (form E92), which needs to be completed providing details of the NICs holiday claimed. If you or your agent have not yet received a form, but have successfully applied for the NICs holiday you should contact the Employer Helpline on 08457 143 143. Please return this form with the supporting forms E89 (or equivalent) for each qualifying employee for whom you were entitled to withhold employer Class 1 NICs by 19 May 2012. Forms E89 are recording sheets that can be found on HMRC’s website . If you withheld some employer’s NICs during the year because you were entitled to the NIC Holiday, and you do not send us the E92 and supporting E89s, your employer payment record will be incorrect and we may seek to recover an underpayment of Class 1 NICs.
REGIONAL EMPLOYER NICS HOLIDAY END OF YEAR RETURNS
(From HMRC weekly update 10 August 2012)
CIPP Policy News Journal
12/04/2013, Page 130 of 362
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