Inland Revenue[QQ] The Inland Revenue has posted to its website a revised guidance note for charities. The notes, appendices and annexes are substantial, weighing in at over 700k of downloadable files.
Detailed guidance notes for life assurance companies who write overseas life assurance business have been published. There are special taxation rules for UK life companies that write overseas life assurance business.
The Revenue has issued a technical note inviting comments on a possible reform of the tax rules covering corporate debt, FX and financial instruments.
Customs & Excise
Customs has issued for comments a draft statutory instrument setting out civil penalties for Customs irregularities and more serious offences including fraudulent evasion. The proposed introduction of civil penalties is designed to achieve better compliance and a more effective and practical way of dealing with irregularities.
English ICA Tax Faculty
At its meeting on 1 November council has approved changes to its ethical guidance to allow firms to add descriptions of other chartered bodies.
The English ICA agreed a list of add-ons to the description chartered accountant. These were: management consultants, business advisers and tax consultants. At its meeting on 1 November, council approved further changes to allow firms to add descriptions of other chartered bodies.
www.hmce.gov.uk www.inlandrevenue.gov.uk www.taxfac.co.uk.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel