The number of tax debts grew by 22 per cent during 2007/08 and nearly a third of all tax payments are made late. The Commons public accounts committee's findings were published as concerns were being expressed that the deferral of tax under HMRC's Business Payment Support Service was putting large amounts of revenue at risk. Most of the tax deferred is either PAYE or VAT.
The current issue of Tolley's Practical Tax newsletter ( 19 June) has more on this and other very recent developments including:
- HMRC guidance on new interpretation of capital gains tax law is inadequate, according to the ICAEW's Tax Faculty
- PAYE upgrade – tax agents told to expect delays
- Security checks add to repayment delays
- HMRC refines new disclosure facility plans
- Payrolling benefits – a questionnaire
- HMRC staff morale is 'really rock-bottom', says Low Incomes Tax Reform Group
- Technical guidance on domicile is biased, tax body claims
- Country-based reporting will be on OECD agenda, says Dave Hartnett at HMRC
- Holiday let reliefs will be withdrawn 'for all'
