Taxation Checklist – Tax discounts for e-filing.

Inland Revenue[QQ] The Revenue has published guidance on enquiries undertaken by the Financial Intermediaries and Claims Office (FICO) Investigation Unit on its redress policy when there have been mistakes or delays within the terms of its Code of Practice 1 Mistakes by the Inland Revenue. (Press release: 10 February.) The booklet explaining the responsibilities of personal representatives (IHT14) has been updated. Also form IHT 200 has been revised. (Available from Inland Revenue Capital Taxes Office website.) The Revenue’s home page can be found at Customs & Excise Customs has responded to the Commons Treasury Committee report on the potential merger with the Revenue by saying its Closer Working programme will bring higher standards of service to taxpayers. Customs’ home page is at HM Treasury In a speech to the Smith Institute the chancellor has announced that electronic filing of tax returns will attract discounts. For the tax year beginning in April, taxpayers filing income tax self assessment forms will receive a £10 discount. From April 2001 to 2002 small businesses filing PAYE or VAT returns via the Internet will attract a £50 discount. The full text of the speech can be found on the Treasury website: English ICA Tax Faculty The Tax Faculty of the ICAEW is open to all Chartered Accountants. Anyone interested in joining should call 020 7920 8646 and ask for a prospectus.

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