HMRC has issued a factsheet CC/FS24 which outlines their power to issue notices for ‘accelerated payment’ of disputed tax liabilities in connection with tax avoidance schemes registered under DOTAS. This particular factsheet is concerned with ATED, CGT, corporation tax, income tax and SDLT, although accelerated payments may also apply to other taxes. The August 2015 update follows important changes to legislation extended to cover NICs with effect from 12 April 2015. See www.bit.ly/1gCsfkD.
HMRC has also issued a factsheet CC/FS25a which sets outs its powers and procedures for issuing follower notices to taxpayers for accelerated payment of taxes and NICs in dispute following use of a tax avoidance scheme on which a court or tribunal has already found in HMRC's favour. A separate factsheet CC/FS25b deals with follower notices and accelerated payments for partnerships and partners. See www.bit.ly/1KQiRak.
HMRC has also issued a brief factsheet for taxpayers in receipt of an accelerated payment notice requiring payment of tax liabilities in connection with avoidance schemes. The two leading points are: (1) you have 90 days to pay; and (2) don't ignore the notice. See www.bit.ly/1uZvBOr.
HMRC has issued a factsheet CC/FS24 which outlines their power to issue notices for ‘accelerated payment’ of disputed tax liabilities in connection with tax avoidance schemes registered under DOTAS. This particular factsheet is concerned with ATED, CGT, corporation tax, income tax and SDLT, although accelerated payments may also apply to other taxes. The August 2015 update follows important changes to legislation extended to cover NICs with effect from 12 April 2015. See www.bit.ly/1gCsfkD.
HMRC has also issued a factsheet CC/FS25a which sets outs its powers and procedures for issuing follower notices to taxpayers for accelerated payment of taxes and NICs in dispute following use of a tax avoidance scheme on which a court or tribunal has already found in HMRC's favour. A separate factsheet CC/FS25b deals with follower notices and accelerated payments for partnerships and partners. See www.bit.ly/1KQiRak.
HMRC has also issued a brief factsheet for taxpayers in receipt of an accelerated payment notice requiring payment of tax liabilities in connection with avoidance schemes. The two leading points are: (1) you have 90 days to pay; and (2) don't ignore the notice. See www.bit.ly/1uZvBOr.
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