HMRC's Offshore Evasion and Strategy Team has initiated its first consultation documents on tackling offshore tax evasion, which are open for comment until 31 October 2014.
HMRC has issued guidance that allows employers to understand how HMRC works out what is owed and identify reasons for an inconsistence.
There may be occasions where there is an inconsistency between the amount HMRC say is owed and what employers believe they owe.
Employers may become aware of these inconsistencies when checking the Business Tax Dashboard and cannot reconcile a charge shown with their records, or when HMRC contacts them about an unpaid amount or an unexplained credit
Generally, a 'reasonable excuse' is when some unforeseeable or unusual event beyond somebody's control has prevented that person from filing the return on time. For example:
a failure in the HMRC computer system,a serious illness, disability or serious mental health condition has made the taxpayer incapable of filing the tax return etc.
Capital gains tax on property held by non-UK residents
The UK government issued a consultation document in March 2014 on implementing a capital gains tax charge on gains made on UK residential property disposals by non-residents. The charge is expected to take effect from April 2015.
HMRC has issued guidance on the status of workers supplied via intermediaries called Agency workers: changes to treatment of workers supplied through UK based agencies, employment businesses or other intermediaries.
Guidance and information is being produced by HMRC to help ease the time and cashflow burden faced by subcontractors. ACCA and other professional bodies have provided input.
HMRC has issued further guidance following Royal Assent of the National Insurance Contributions Act 2014 on how employers may claim the Employment Allowance.
New measures will tax the overseas employment income of non-domiciles on the arising basis, rather than on the remittance basis, in the case of artificially arranged contracts with the same or associated employers.
