Hmrc

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HMRC

Great Britain: Parliament: House of Commons: Committee of Public Accounts
HMRC Book PDF

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
Page : 36 pages
File Size : 50,5 Mb
Release : 2013-03-18
Category : Business & Economics
ISBN : 0215055233

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HMRC by Great Britain: Parliament: House of Commons: Committee of Public Accounts Pdf

In 2011-12, 20 million phone calls to HMRC were not answered. It cost the callers £136 million while they waited to speak to an adviser. And, against its target of responding to 80% of letters within 15 days, the department managed to reply to just 66%. Officials are beginning to realize that good customer service lies at the heart of any strategy to maximize revenues while cutting costs. Callers will no longer be forced to use the more expensive 0845 numbers. Other planned changes include the resolution of more queries first time and a call-back service where this is not possible. However, HMRC's new target of answering 80% of calls within five minutes is still woefully short of the industry standard of answering 80% of calls within 20 seconds. Just how the department is going to improve standards of customer service, given the prospect of its having fewer staff and receiving a higher volume of calls, is open to question. HMRC plans to cut the number of customer-facing staff by a third by 2015. At the same time, the stresses associated with introducing the Real Time Information System, Universal Credit and changes to child benefit are likely to drive up the number of phone calls to the department. HMRC is also to close all of its 281 enquiry centres which give face-to-face advice to customers. HMRC considers that it will be able to improve service standards by using its staff more flexibly. It may need to put in additional resources, though, to avoid the kind of plummeting performance we have seen in the past

HC 458 - HMRC's Progress in Improving Tax Compliance and Preventing Tax Avoidance

Great Britain. Parliament. House of Commons. Committee of Public Accounts
HC 458 HMRC s Progress in Improving Tax Compliance and Preventing Tax Avoidance Book PDF

Author : Great Britain. Parliament. House of Commons. Committee of Public Accounts
Publisher : The Stationery Office
Page : 24 pages
File Size : 48,7 Mb
Release : 2014
Category : Business & Economics
ISBN : 9780215078766

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HC 458 - HMRC's Progress in Improving Tax Compliance and Preventing Tax Avoidance by Great Britain. Parliament. House of Commons. Committee of Public Accounts Pdf

HMRC's action against tax avoiders continues to be unacceptably slow. The Liberty scheme, for example, began in 2005 and was closed down in 2009, but it has taken until 2014 to take this case to a tax tribunal. Up to £10 million of the total £400 million tax at stake may not be recoverable because in 30 cases HMRC failed to start inquiries into personal tax returns within the 12 month statutory deadline. HMRC should report on the progress it has achieved by using new powers granted by Parliament and show that it is using its existing powers with sufficient urgency. Recent changes to the UK tax regime have been challenged by international bodies like the OECD and European Commission as constituting 'harmful tax practices'. These changes make it easier for global companies to avoid paying tax in the jurisdictions where they make a profit. HM Treasury and HMRC should provide details of progress in identifying and addressing the ways that international tax structures are exploited, and set out the actual costs and benefits of recent changes to the UK's tax regime. It is amazing that HMRC made a £1.9 billion error when it established its baseline and set targets for its compliance work. This means HMRC has been overstating the extent to which its performance on compliance yield has improved and it inadvertently presented misleading information to Parliament. Astonishingly, this significant error in a key performance measure went undetected by HMRC's own system of governance and internal audit for three years

House of Commons - Committee of Public Accounts: HMRC Tax Collection: Annual Report & Accounts 2012-13 - HC 666

Great Britain: Parliament: House of Commons: Committee of Public Accounts
House of Commons Committee of Public Accounts HMRC Tax Collection Annual Report Accounts 2012 13 HC 666 Book PDF

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
Page : 78 pages
File Size : 55,5 Mb
Release : 2013-12-19
Category : Business & Economics
ISBN : 0215065832

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House of Commons - Committee of Public Accounts: HMRC Tax Collection: Annual Report & Accounts 2012-13 - HC 666 by Great Britain: Parliament: House of Commons: Committee of Public Accounts Pdf

In pursuing unpaid tax, HMRC has not clearly demonstrated that it is on the side of the majority of taxpayers who pay their taxes in full. Last year the Department collected less tax in real terms than it managed to collect in 2011-12. This was despite the stated ambition to crack down on tax avoidance. The tax gap as defined by HMRC did not shrink, but in 2011-12 grew to £35 billion. Furthermore, this figure does not include all the tax revenue lost. HMRC pursues tax owed by the smaller businesses but seems to lose its nerve when it comes to mounting prosecutions against multinational corporations. It predicted that it would collect £3.12 billion unpaid tax from UK holders of Swiss bank accounts and this figure was built into budget estimates, but in 2013-14 it has so far secured just £440 million. HMRC aims to make the UK more attractive to business but the incentives to international corporations may also enable them to avoid tax. HMRC needs to strike the right balance between support and enforcement. The implementation of the Real Time Information system has been encouraging overall though some small businesses are continuing to struggle. It is of concern that HMRC is planning from April 2014 to fine companies even though some face continuing challenges. The successful implementation of Universal Credit depends on RTI continuing to work properly but the system does not have full disaster recovery arrangements. System failures could have serious consequences for payments to individuals

Tiley’s Revenue Law

Glen Loutzenhiser
Tiley s Revenue Law Book PDF

Author : Glen Loutzenhiser
Publisher : Bloomsbury Publishing
Page : 1647 pages
File Size : 43,7 Mb
Release : 2019-08-22
Category : Law
ISBN : 9781509921355

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Tiley’s Revenue Law by Glen Loutzenhiser Pdf

This is the ninth edition of John Tiley's major text on revenue law, covering the UK tax system, income tax, capital gains tax and inheritance tax, as well as incorporating sections dealing with corporation tax, international and European tax, savings and charities. This new edition is fully revised and updated with the latest case law, statutory and other developments, including Finance Act 2019. The book is designed for law students taking the subject in the final year of their law degree, or for more advanced courses, and is intended to be of interest to all who enjoy tax law. Its purpose is not only to provide an account of the rules but also to include citation of the relevant literature from legal periodicals and some discussion of, or reference to, the background material in terms of policy, history or other countries' tax systems. Copy the URL below to read a 2021 supplement highlighting new developments since the book's publication in 2019: https://www.bloomsbury.com/media/2v1ej5vw/tileys-revenue-law-supplement-2021.pdf

Integration of Revenue Administration

World Bank
Integration of Revenue Administration Book PDF

Author : World Bank
Publisher : World Bank Publications
Page : 56 pages
File Size : 49,5 Mb
Release : 2010-09-21
Category : Business & Economics
ISBN : 9780821385425

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Integration of Revenue Administration by World Bank Pdf

In order to minimize the need for taxpayers to respond to multiple revenue agencies, some countries have integrated their revenue administrations, either by merging tax and customs administration, or unifying collection of tax and social contributions. This book examines the experience of 11 countries in doing so. Their experiences indicate that integrating collection entails modernizing the revenue administration and reducing contact between the tax office and taxpayers, thanks to the extensive use of ICT.

Her Majesty’s Royal Coven

Juno Dawson
Her Majesty s Royal Coven Book PDF

Author : Juno Dawson
Publisher : HarperCollins UK
Page : 434 pages
File Size : 48,9 Mb
Release : 2022-07-21
Category : Fiction
ISBN : 9780008478520

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Her Majesty’s Royal Coven by Juno Dawson Pdf

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House of Commons - Committee of Public Accounts: HM Revenue & Customs: Progress in Tackling Tobacco Smuggling - HC 297

Great Britain: Parliament: House of Commons: Committee of Public Accounts
House of Commons Committee of Public Accounts HM Revenue Customs Progress in Tackling Tobacco Smuggling HC 297 Book PDF

Author : Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher : The Stationery Office
Page : 44 pages
File Size : 46,6 Mb
Release : 2013-10-10
Category : Law
ISBN : 0215062493

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House of Commons - Committee of Public Accounts: HM Revenue & Customs: Progress in Tackling Tobacco Smuggling - HC 297 by Great Britain: Parliament: House of Commons: Committee of Public Accounts Pdf

Tobacco smuggling represents a significant risk to revenues. It undermines initiatives to reduce smoking and it is linked to the activities of organised criminal gangs. HMRC estimates that duty not paid on tobacco smoked in the UK in 2010-11 resulted in revenue losses of around £1.9 billion. Some 9% of cigarettes and 38% of hand-rolling tobacco sold in the UK are estimated to be illicit, yet there were only 265 prosecutions for tobacco smuggling in 2012-13. HMRC's 2010 Spending Review settlement included £25 million over four years to invest in new initiatives to tackle tobacco smuggling. However HMRC was also required to find efficiency savings so total spending on HMRC's tobacco strategy in 2011-12 rose by only £3 million to £68.9 million and fell to £67.4 million in 2012-13. By the end of 2012-13, three of the five Spending Review-funded projects had yielded nothing and the Committee is not convinced that the Spending Review projects will deliver the £900 million benefit, in terms of revenue loss prevented, that HMRC now predicts they will achieve by March 2015. The Department has also failed to challenge UK tobacco manufacturers who turn a blind eye to the avoidance of UK tax by supplying more of their products to European countries than the legitimate market in those countries could possibly require. The tobacco then finds its way back into the UK market without tax being paid. The supply of some brands of hand-rolling tobacco to some countries in 2011 exceeded legitimate demand by 240%.

Practical Share Valuation

Nigel Eastaway,Diane Elliott,Chris Blundell,Cameron Cook
Practical Share Valuation Book PDF

Author : Nigel Eastaway,Diane Elliott,Chris Blundell,Cameron Cook
Publisher : Bloomsbury Publishing
Page : 1170 pages
File Size : 49,7 Mb
Release : 2019-05-23
Category : Law
ISBN : 9781526505095

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Practical Share Valuation by Nigel Eastaway,Diane Elliott,Chris Blundell,Cameron Cook Pdf

Provides a reference point for practitioners, who may need to prepare or review a valuation of shares or intangible assets, and acts as a practical guide to the more straightforward valuations which are required for tax purposes. Practical Share Valuation combines decades of the authors' practical experience in order to provide a reference guide to the valuation of unquoted shares and intangible assets as well as a practical handbook for practitioners preparing more routine valuations for tax purposes. The book highlights the relevant case law relating to valuations and also provides a handy list of additional data sources to aid the valuer in gaining access to the comparator data and latest valuation standards available. Whether you need to prepare a valuation or review work prepared by another practitioner, this book provides a wealth of easily accessible information, hints and tips to help you navigate through the potential minefield of share valuations. The seventh edition includes the following updates: - Full analysis of new legislation proposed on bringing non-resident companies with UK taxable income and gains from the disposal of UK residential property interests within the scope of corporation tax; - Guidance on new penalties in connection with offshore matters and offshore transfers (FA 2016), for inheritance tax for transfers of value on or after 1 April 2017 and for income and CGT from April 2016, in particular a new asset-based penalty for certain offshore disclosure inaccuracies and failures; - Commentary on several well-publicised litigation battles regarding failed tax avoidance schemes, such as HMRC vs Ingenious Media and HMRC vs Rangers Football Club; - Changes to the Companies Act 2006 and new reporting requirements as a result of the transition to FRS 102 and FRS 105 (effective for accounting periods on or after 1 January 2016); - Updated guidance from HMRC Shares and Assets Valuations and International Valuation Standards 2017.

Helping Government Learn

Great Britain. National Audit Office
Helping Government Learn Book PDF

Author : Great Britain. National Audit Office
Publisher : The Stationery Office
Page : 66 pages
File Size : 44,6 Mb
Release : 2009
Category : Business & Economics
ISBN : 010295464X

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Helping Government Learn by Great Britain. National Audit Office Pdf

Much learning in government occurs after large projects, initiatives or crises. However, important learning should also take place routinely on a day-to-day basis, as teams and individuals carry out their work, or as a result of research and evaluations.

The Draft Finance Bill 2013

Great Britain: Parliament: House of Lords: Select Committee on Economic Affairs
The Draft Finance Bill 2013 Book PDF

Author : Great Britain: Parliament: House of Lords: Select Committee on Economic Affairs
Publisher : The Stationery Office
Page : 86 pages
File Size : 44,7 Mb
Release : 2013-03-13
Category : Business & Economics
ISBN : 0108550486

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The Draft Finance Bill 2013 by Great Britain: Parliament: House of Lords: Select Committee on Economic Affairs Pdf

The Draft Finance Bill 2013 (HL 139) evaluates the draft Finance Bill which, following detailed consultations based on the findings of an independent study group, includes proposals for a General Anti-Abuse Rule (GAAR), narrowly targeted at abusive transactions which fail a stringent 'double reasonableness' test. The provisions also include the formation of an Advisory Panel to agree guidance and give its opinion on the application of the double reasonableness test to a given set of tax arrangements. Most agree the narrow focus was appropriate. Some witnesses argued that HM Revenue and Customs (HMRC) should set up a clearance system to reduce uncertainty about where the GAAR would apply. Many witnesses were very concerned at the application of the GAAR to transactions involving inheritance tax planning. The Bill also includes an Annual Residential Property Tax Package (ARPT) which is part of a package of measures to address Stamp Duty Land Tax avoidance by

H. M. Revenue and Customs Departmental Autumn Performance Report 2009

Great Britain. HM Revenue & Customs
H M Revenue and Customs Departmental Autumn Performance Report 2009 Book PDF

Author : Great Britain. HM Revenue & Customs
Publisher : The Stationery Office
Page : 52 pages
File Size : 42,9 Mb
Release : 2009
Category : Political Science
ISBN : 0101777426

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H. M. Revenue and Customs Departmental Autumn Performance Report 2009 by Great Britain. HM Revenue & Customs Pdf

HMRC is the UK's tax administration, responsible for administering income tax, corporation tax, VAT, National Insurance contributions, excise dutes, environmental taxes, insurance premium tax, capital gains tax, petroleum revenue tax and stamp duty. It is also responsible for the payment of tax credits, child benefit and child trust fund endowments. Some of the achievements recorded for the first part of 2009-10 include: collection of over £209 billion in revenue; delivery of the biggest change to PAYE system in 20 years with the launch of the new PAYE Service and Work Management System (MPPC); delivery of the largest learning intervention in the UK this year with that new service; delivered 14 full or partial vacations of HMRC locations resulting in savings of £6.8 million; achieving platinum status in the Business in the Community Corporate Responsibility Index and the launching of the Health in Pregnancy Grant

The Green Book

Great Britain. Treasury
The Green Book Book PDF

Author : Great Britain. Treasury
Publisher : Stationery Office
Page : 114 pages
File Size : 49,8 Mb
Release : 2003
Category : Business & Economics
ISBN : 0115601074

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The Green Book by Great Britain. Treasury Pdf

This new edition incorporates revised guidance from H.M Treasury which is designed to promote efficient policy development and resource allocation across government through the use of a thorough, long-term and analytically robust approach to the appraisal and evaluation of public service projects before significant funds are committed. It is the first edition to have been aided by a consultation process in order to ensure the guidance is clearer and more closely tailored to suit the needs of users.

Tax 2010 / 2011 For Dummies

Sarah Laing
Tax 2010 2011 For Dummies Book PDF

Author : Sarah Laing
Publisher : John Wiley & Sons
Page : 323 pages
File Size : 41,8 Mb
Release : 2010-07-16
Category : Business & Economics
ISBN : 9780470664728

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Tax 2010 / 2011 For Dummies by Sarah Laing Pdf

Fully updated for the 2010/2011 tax year, this book takes the hassle out of tax Although you can't escape tax, you can make it easier to deal with. Whether you want to work out the taxes on your own business, make tax-efficient investments or simply understand where your money's going, this plain-English guide has it all. Get to grips with the UK tax system and discover how to make potentially significant savings on your tax bill. Tax facts – get the low-down on tax essentials Tax through your ages – find out how to make the most tax-savvy decisions at every stage of your life Pensions and benefits – understand the ins and outs of taxes paid on pensions and state benefits Working for someone else – keep an eye on your pay packet and make the most of incentive schemes Working for yourself – learn how to manage your company's taxes, whether you're just starting out or are a veteran business-owner Open the book and find: Advice on complying with self-assessment regulations Techniques for calculating how much income tax you owe Updates on the most tax-friendly investments for you and your children How to manage property tax, whether you're buying, selling or renting Ways to reduce inheritance tax The best way to pay VAT on your own business The tax benefits of becoming a limited company Day-to-day tax-saving techniques "Tax 2010/2011 For Dummies is expertly written in plain, everyday language that makes a complicated subject easy to understand. It's simple to follow, and full of invaluable tax tips and reminders. Highly recommended for someone looking for a straightforward introduction to the world of tax." —Mark McLaughlin, CTA (Fellow) ATT TEP, Chartered Tax Consultant, Author and Editor Learn to: Understand your tax status and fulfil your legal obligations Calculate your business taxes Fill out a self-assessment form Make tax-efficient investments

Taxation of Company Reorganisations

Pete Miller,George Hardy,Fehzaan Ismail
Taxation of Company Reorganisations Book PDF

Author : Pete Miller,George Hardy,Fehzaan Ismail
Publisher : Bloomsbury Publishing
Page : 792 pages
File Size : 55,7 Mb
Release : 2020-10-05
Category : Business & Economics
ISBN : 9781526511508

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Taxation of Company Reorganisations by Pete Miller,George Hardy,Fehzaan Ismail Pdf

Taxation of Company Reorganisations, Sixth Edition is an essential reference source for tax advisers which covers the basic rules of corporation tax and capital gains, reorganisations, share exchanges and other deemed reorganisations, reconstructions, mergers, demergers and branch incorporations, as well as cross-border transactions. Written by authors with more than fifty years' experience of dealing with clients from small owner-managed businesses to multinational corporate groups, this title includes guidance on the full range of corporate transactions and is applicable to a wide number of organisations. While there is comprehensive coverage of the technical and theoretical meaning of the legislation, the authors have also drawn on their vast practical experience, derived from many years of transaction-based work. This Sixth Edition has been brought fully up to date with recent Finance Acts including FA 2019 and the proposals for FA 2020 that were published in July 2019. It has been reviewed for company and European law and has been updated in relation to the following: - Changes to substantial shareholding exemptions in Finance (No. 2) Act 2017 - Changes to EIS, SEIS and VCT investment schemes in FA 2018 - The introduction of LBTT in Scotland and LTT in Wales - Stamp duty changes proposed for FA 2020 - Enhanced material on the taxation of goodwill and loan relationships on a reorganisation Cases updated since the last edition include: - Gallaher Ltd v Revenue and Customs Commissioners [2019] UKFTT 207 (TC) (on application of s171 TCGA 1992) - Hancock [2019] 1 WLR 3409 (Supreme Court decision) - Trigg [2018] EWCA Civ 17 (Court of Appeal decision)

Law and Regulation of Tax Professionals

Julian Hickey,Adrian Shipwright
Law and Regulation of Tax Professionals Book PDF

Author : Julian Hickey,Adrian Shipwright
Publisher : Bloomsbury Publishing
Page : 625 pages
File Size : 52,9 Mb
Release : 2021-04-09
Category : Law
ISBN : 9781526506221

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Law and Regulation of Tax Professionals by Julian Hickey,Adrian Shipwright Pdf

Law and Regulation of Tax Professionals examines all aspects of the obligations and liabilities of tax advisers arising out of professional standards, contract, tort, tax legislation (including DOTAS, POTAS and DAC6) and criminal tax evasion sanctions against the backdrop of legislative and case law. The purpose of this book is to provide a comprehensive overview of the law and associated matters concerning the regulation of tax professionals; and to seek to draw some practical lessons as to how the tax professional and the business they work in can organise themselves to comply with what is required by regulation, best practice and to eliminate so far as possible the consequences of mistakes and unforeseen occurrences. Illustrated throughout with examples and reference to relevant case law, as well as checklists to help the reader put measures in place to protect themselves against the risk of becoming involved in breach of regulatory standards, this title is essential for tax professionals (including ICAEWs, CTAs, TEPs), tax agents, in house tax advisers, and lawyers advising on tax matters.