ITR deadline extended to 2 February 2012
The one-day walkout on the normal deadline day for filing self-assessment tax returns has forced HMRC to give taxpayers two extra days to send their returns before imposing a £100 penalty.
HMRC expects about 90,000 people will try to call its helplines on Tuesday with questions about their tax returns, but because of the strike there won't be enough staff to cope with demand.
The PCS Union, which has around 60,000 members in HMRC, is protesting against the appointment of private-sector companies to run call-handling trials in two contact centres.
The PCS said that up to 20,000 of its members are expected to go on strike on Tuesday.
Other 2012 news
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UNW Apprentices going for accountancy gold at WorldSkills UK finals
Four talented accountancy students from UNW will represent the North East in the WorldSkills UK Accounting Technician national final
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UNW ensures Reece Group’s deal runs smoothly
Business advisers and accountants, UNW, has played a central role in Newcastle-based Reece Group taking control of pothole repair specialist Velocity.
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Annual Fraud Indicator for charities released
National Fraud Authority releases the results of their annual survey into the extent of fraud affecting charities in the UK.
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Budget Summary 2012
A summary of the key point from Chancellor George Osborne’s Budget of 21 March 2012 is available for you to download.
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Intrastat Declaration to change
HMRC announce changes to the Intrastat Declaration reporting requirements
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Profits down, costs up in NASDAL stats for 2020/11
Alan Suggett, member of NASDAL Technical Committee, was present at the BDA Conference in London when the annual benchmarking statistics were issued.
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New single tax definition of a charity
A new single definition of a “charity” for the purposes of all UK charity tax reliefs and exemptions will come into force from 1 April 2012.
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Seed Enterprise Investment Scheme
Subject to consultation SEIS will be introduced from 6 April 2012. It will allow investors to receive up-front income tax relief and the possibility of tax-free capital gains on their investment, as well as a CGT exemption on certain reinvested gains
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Thinking about buying or selling a dental practice
Alan Suggett is speaking at a seminar in Leeds covering the critical areas to be considered when either buying or selling a dental practice.
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Trio of key appointments shows faith in future at UNW
Leading independent firm of chartered accountants, UNW, has made a significant investment in its future with three strategic appointments.
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Dissolution (striking off) of companies
With effect from 1 March 2012, new legislation enacting Extra-statutory Concession C16 will impose a limit of £25k on distributions that can be treated as capital payments.
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HMRC plans further “tax cheats” campaigns
New campaigns will be launched by HMRC later this year aimed at missing tax returns; home improvement trades, including plumbers and electricians; and direct selling (including E-marketplaces).
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VAT: Cost Sharing Exemption
Further developments from HMRC eagerly awaited by charitable and other non VATable sectors.
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ITR deadline extended to 2 February 2012
HMRC have announced a temporary extension of deadline to 2 February 2012 because of strike by Public and Commercial Services Union.
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Fending off the taxman
Charles Linaker discusses the current position on tax investigations.
