Paragraph 2.103 of the Autumn Statement confirms that “the government has decided not to proceed with the proposal to tax those who meet the definition of a controlling person at source” The announcement within the Autumn Statement that the government has withdrawn its plans to tax at source the payments made to controlling persons has been met with enthusiasm by the tax and accountancy profession according to a report in Accounting Web .
CIOT's tax policy director John Whiting said he welcomed the "practical and proportionate" announcement.
"The government is entirely correct in its wish to ensure that those running government agencies and other public sector bodies are paying their fair share of tax," he said.
"Legislation requiring deduction of PAYE/NICs at source for payments to intermediaries would have added unnecessary complexity to the tax system and would have added to administrative burdens in the private sector who were not the cause of the problem," he added.
HIGH INCOME CHILD BENEFIT TAX CHARGE COMES INTO EFFECT 7 JANUARY 2013
3 January 2013
On 29 October we told you about a new income tax charge being introduced on 7 January 2013 for any taxpayer with income above £50,000 in a tax year who receives Child Benefit, or whose partner receives Child Benefit. You may find HMRC’s briefing useful if you receive any enquiries about this new charge.
HMRC POSTS MUG SHOTS OF TAX CHEATS
8 January 2013
As part of the government’s £917 million investment to tack tax evasion, HMRC has published over 30 of the UK’s top tax cheats using Flickr. The mug shots can be found here . The top tax criminals of 2012 have been sentenced to a combined total of 155 years and 10 months behind bars, HM Revenue & Customs (HMRC) said. Exchequer Secretary to the Treasury David Gauke said: “The Government is committed to closing in on tax evaders. Collectively the 32 criminals have been sentenced to more than 150 years. Most people play by the rules and pay what they owe, but HMRC is cracking down on those who don’t. "We hope that publishing these pictures will help get across that it always makes sense to declare all your income, and tax dodgers are simply storing up trouble for the future.” Tell HMRC about customs or excise fraud, or tax evasion here .
NO EMPLOYER ANNUAL RETURN TO MAKE
18 February 2013
The 18 February is the last day for you to be able to report to HMRC, online, that you have no Employer Annual Return to make for the 2011/2012 tax year.
The online Facility will then be unavailable until 20 February at which time you will only be able to report for the no Employer Annual Return due for the 2012/2013 tax year.
CIPP Policy News Journal
12/04/2013, Page 174 of 362
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