CHECKLIST – Holocaust payout tax-free.

CHECKLIST - Holocaust payout tax-free.

Revenue announces use of mixer companies to be restricted; New Tax

Inland Revenue[QQ] The government has confirmed its intention to restrict the use of mixer companies for tax purposes, and announced an extension of the transition period proposed in the Budget to 31 March 2001 (Press release, 3 May). Compensation paid by banks on dormant accounts opened by Holocaust victims and frozen during World War II are to be entirely exempt from tax (Press release, 8 May). The Inland Revenue has issued a special edition of Tax Bulletin highlighting issues from the Working Together initiative. The Revenue’s home page is www.inlandrevenue.gov.uk English ICA Tax Faculty The Faculty has published agreed notes of a meeting on procedural matters with the Revenue (TAXGUIDE 1/00). Copies are available by calling 01908 225122, faxing 01908 226594 or e-mailing [email protected]. As part of its Towards a Better Tax System campaign the ICA has published a pamphlet (TAXGUIDE 2/00) considering the Ten Tenets proposed in its discussion document issued in October 1999 (TAXGUIDE 4/00). The English ICA Tax Faculty is open to all chartered accountants. Anyone interested in joining the Faculty should call 020 7920 8646. Chartered Institute of Taxation Recent submissions from the institute include; a submission on taxing multinational companies in response to the Finance Bill 2000 provisions on DTR (4 May); and a submission on the Grabiner report ( 5 May). For details contact the CIoT on 0207 235 9381, or visit the institute’s website at: www.tax.org.uk.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource