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HMRC’s Agent Update: Summer edition
HMRC has published its latest edition of ‘Agent Update’.The online publication is not for the faint hearted – just the summary of its contents runs to over 10 pages but nevertheless accountants may find it invaluable to wave at clients; ‘This is why we charge so much, YOU try absorbing all this!’
The publication is pretty heavy going, with sections split into tax and services and online updates. Highlights include new guidance on Money Laundering Regulations (MLR) with important news for Trust or Company Service Providers (TCSPs) and Accountancy Service Providers (ASPs).
This edition of the Agent Update introduces something new to the tax vocabulary. ‘Cross Tax” is not what you get when HMRC staff are overstressed and unhappy, it is a heading used to mean ‘across the taxes’ as opposed to applying to just one area, such as corporation tax. Under this heading come updates on the Anti-Avoidance Simplification Review and further information on New Powers as well as news that HMRC will stop issuing 'Reply Paid' Business Response Envelopes from 1 October 2008, with the exception for those issued for benefits and credits. Taxpayers must now do it all online.
HMRC also uses the update to introduce its new chairman, Mike Clasper, whose role will be to ‘lead the Board, which will provide strategic leadership, approve business plans, monitor performance and ensure the highest standards of corporate governance.’ His top priority is to implememnt the Poynter recommendations on data security.
Link to Agent Update issue 7
AccountingWEB.co.uk 27-Aug-2008
Categories: Tax News, Tax - Nicki Ross Martin
Times read: 2567
What was wrong with ELS ? Statements of Account delivered instantly. Reliable, robust, simple, quick, you name it.
Is this backward, or is it just me?
Please note that we have reinstated the facility to print Self Assessment Returns in PDF format. The PDF contains a declaration page, which isn't provided within the HTML version. However, the new PDF printout will not be accepted by HMRC if submitted as a paper Tax Return.
Yes - the Revenue (like many other organisations) appears to be putting all of its eggs (information) in one basket with far too much reliance on computers and the internet. One day it will all go horribly wrong.
How much have they spent so far on the IT for SA Online? How many software houses have they used?
How many errors have you spotted whilst using SA Online?
"Taxpayers must now do it all online." - EVENTHOUGH THIER WEBSITE NEVER WORKS!!!
