Business and Other Briefings

HMRC:  HM Revenue & Customs (HMRC) has launched a podcast on the new compliance checks regime, which comes into effect in April 2009. The 8-minute podcast features HMRC's Simon Norris discussing the new, streamlined regime, and what it will mean in practice for small businesses and tax advisers.  It covers new record-keeping requirements, new time limits for tax assessments, and outlines the safeguards that will be in place.
Press release ~ Listen to the Compliance Checks podcast
 
HMRC:  Interest rates charged on late payments and paid on overpayments for corporation tax quarterly instalment payments (QIPs) and also early payments of corporation tax not due by instalments have now been cut, HM Revenue & Customs (HMRC) confirm. The new rates took effect from 16 February 2009.
Press release ~ HM Revenue & Customs interest rates
 
HMRCRevenue & Customs Brief 06/09
Claims for refund of 'overpaid' VAT by the retrospective application of Extra-Statutory Concession 3.35 are to be rejected.
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