Meanwhile, most tax advisers will be taking things easy this week after the rush to meet last week’s self-assessment deadline.
Not all, however. The latest figures from the Revenue indicate there are more than 800,000 returns still at large – the biggest figure since self-assessment was introduced.
As a result, it could collect as much as £80m in fines.
Other tax news this week included moves by Brussels to impose VAT on ‘virtual’ goods and revelations that Elton John is locked in battle with the Revenue over his national insurance contributions.
Special features on AccountancyAge.com this week include a detailed look and reactions to the US watchdog’s clampdown on auditor independence which last week forced the resignation of a top British PricewaterhouseCoopers partner.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals