This is the first time that an agreement based on the US Foreign Account Tax Compliance Act (FATCA) has been signed between two parties neither of which is the US. The government is currently in discussions about similar agreements with the rest of the Crown Dependencies and the Overseas Territories.
The text of the new Arrangement is available on HMRC’s website, and will be published by the Stationery Office as soon as it is presented to Parliament for approval.
Go to Tax treaties signed/not in force
Guernsey and Jersey: Tax Information Exchange Agreements (TIEAs)
24 October 2013
Exchange of Letters amending the 2009 TIEAs were signed in London on 22 October 2013 to allow for the comprehensive automatic and spontaneous exchanges of information.
Exchange of Letters amending the 2009 Tax Information Exchange Agreements (TIEAs) were signed in London on 22 October 2013 by David Gauke MP, Exchequer Secretary to the Treasury and Deputy Peter Harwood Chief Minister for Guernsey and Senator Ian Gorst - Chief Minister for Jersey respectively.
Tax Information Exchange Agreements signed/not in force
The text of the amended Agreements is available on HMRC’s website, and will be published by the Stationery Office as soon as it is presented to Parliament for approval.
Composite payment scheme process
25 October 2013
The process for sending payments to HMRC in January 2014 is unchanged from 2012 and 2013 so new packs will not be issued automatically.
Employers should use the template spreadsheet and reference number provided for 2012. The spreadsheet needs to be sent for processing 5 days before the payment is made to HMRC.
If the spreadsheet or information sheet is no longer available, please contact:
aoc.directpayments@hmrc.gsi.gov.uk where payments are due to be made to Cumbernauld; or aos.directpayments@hmrc.gsi.gov.uk where payments are due to be made to Shipley.
RDR1 - Residence, domicile and the remittance basis
25 October 2013
RDR1 is a guide for UK residents and non-residents on the residence, domicile and remittance basis rules for tax years 2012-13 onwards. It replaces the booklet HMRC6.
The RDR1 guidance reflects the introduction of the legislative changes to the remittance basis that came into effect for tax year 2012-13 and the introduction of the statutory residence test for tax years 2013-14 onwards. However, comprehensive details of these changes are not yet included and are available in the following notes:
CIPP Policy News Journal
16/04/2014, Page 273 of 519
Made with FlippingBook - Online magazine maker