Institutes tackle HMRC on service companies questions
Posted by AccountingWEB in Tax on Thu, 08/05/2008 - 11:18
Following criticism by members for apparent inaction, the two main tax institutes have announced that they have written to HMRC querying the newly introduced service companies question which appears on page TR4 of the 2008 Self Assessment (SA) tax return. The SA question, together with another similar version on the PAYE end-of-year P35 has caused widespread confusion for agents and taxpayers alike.
The ICAEW Tax Faculty and CIOT say that they have written jointly to HMRC with a number of concerns which need to be addressed.
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