ICAEW and other bodies request action on tax simplification
[ad_1] Meaningful tax simplification requires a clear plan, focused resource, accountability, and investment, say the professional bodies. On 5 April 2023, ICAEW together with the Chartered Institute of Taxation, Institute of Chartered Accountants of Scotland, Association of Taxation Technicians and Low Incomes Tax Reform Group, wrote to the Financial Secretary to the Treasury (FST). The […]
Action required by those holding certificates of tax deposit
[ad_1] Certificates need to be used by 23 November 2023. The value on HMRC’s books is £89m. The deadline for using a certificate of tax deposit (CTD) to settle a tax bill is 23 November 2023. After that date, the normal process for making a withdrawal will apply. The current value of outstanding CTDs […]
HMRC prompts taxpayer action on register of overseas entities
[ad_1] Following the creation of the register of overseas entities (ROE), beneficial owners of UK properties must now be reported to Companies House. HMRC is now using this new information to identify failures to notify, or errors in individual’s tax affairs. Overseas entities that hold, want to buy, sell, or transfer property or land in […]