Tax analysis: How is HMRC attempting to collect outstanding sums owed to the government? Patrick Stevens, tax policy director at the Chartered Institute of Taxation, considers a recent report by the Public Accounts Committee (PAC) and the government’s strategy.
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HMRC compliance checks, enquiries and discovery assessmentsThere are various options open to HMRC when it suspects that tax has not been paid, or has been underpaid. These include:•issuing a determination—this is relevant where a taxpayer fails to file a return for corporation tax, income tax or
What is a revenue determination for direct tax purposes?This Practice Note explains:•what a determination (also referred to as a revenue determination) in respect of direct tax (ie a direct tax determination) is•when HMRC might issue a direct tax determination•the quantum of a possible direct tax
Discovery assessments—sufficient disclosure of informationA discovery assessment is an assessment to tax (or more tax) by HMRC where it discovers that too little tax has been assessed for a past year or accounting period. HMRC will typically make a discovery assessment if it is too late to open an
When a non-UK company has a UK permanent establishment or becomes UK tax resident, how and when must it inform Companies House and HMRC? What happens if the deadline is not met?Companies HouseThe statutory rules in relation to overseas companies are set out in Part 34 of the Companies Act 2006 (CA
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