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David Gauke
Government Responds to Review of Pensioner Taxation
In 2011, HM Treasury asked the Office of Tax Simplification (OTS) to look at simplifying the system for the estimated 5.6 million people of pensionable age who pay tax. In March 2012, the OTS published the first stage of their review and identified a number of issues for further review and consideration: Simplification of the [...]
RTI Reporting Easements for Small Employers
In our Budget Newsletter last week, we advised that HMRC have announced that, until 05 October 2013, employers with fewer than 50 employees who will have difficulty meeting the ‘on or before’ reporting requirement can report at the time of their regular payrun, as long as this is before the end of the tax Month [...]
Top Tax Criminals of 2012
HMRC have released details of the top tax criminals of 2012 who have been sentenced to a combined total of 155 years and 10 months behind bars. The details have been published on Flickr as part of HMRC’s current Tax Evasion Campaign. Exchequer Secretary to the Treasury David Gauke said: “The Government is committed to closing in [...]
Tackling Tax Avoidance and Evasion
On 03 December 2012, ahead of the Chancellor’s Autumn Statement on 06 December 2012, HMRC’s Website announced that the Government would introduce new rules and HMRC would receive increased investment to tackle the ‘small minority’ who do not pay the tax that they are due to pay. In HMRC’s leaflet ‘Closing in on Tax Evasion’, [...]
Married Couples’ Allowance – Not This Parliament
Kenneth Clark, Minister with Portfolio, has indicated that spouses may not get the married couples’ tax break that may have been expected under a Conservative-led Coalition. He said ‘we never committed ourselves to the married couples’ tax by the end of the Parliament’. However, the manifesto actually said: We will recognise marriage and civil partnerships [...]
HMRC Targets Freelancers
The Government and its Ministers have been very visible and vocal in their desire to target ‘tax dodgers’ – people who are not paying the tax that they should be paying by using tax avoidance schemes, both legal and illegal, or just plain tax evasion. Employment groups that have been targeted so far include everything [...]
David Gauke Dismisses Centralised Deductions
Almost as soon as the APPTG PAYE at the Crossroads report was published discussing and advocating Centralised Deductions (CDs), David Gauke, Exchequer Secretary to the Treasury spoke to dismiss that they were part of Government plans. At a briefing, jointly hosted by HMRC and the DWP, Mr Gauke said ‘We are pursuing Real Time Information. [...]
Consultation on Employee Share Schemes
On 06 March 2012, the Office of Tax Simplification (OTS) issued a report to the Chancellor of the Exchequer on Tax Advantaged Share Schemes (TASS). There are four types of TASS: Company Share Option Plans (CSOP) Save As You Earn (SAYE) Share Incentive Plans (SIP) EnterpriseManagement Initiatives (EMI) The OTS recommended a review of the [...]
Statutory Residence Test
At Budget 2011, the Government announced that it would be introducing a statutory definition of UK tax residence. A consultation followed with the expectation that a Statutory Residence Test would be included in the Finance Bill 2012 and effective 06 April 2012. This would provide clear and concise rules on this complex and confusing area of [...]
Double Taxation Convention – United Kingdom and Liechtenstein
A first-time comprehensive Double Taxation Convention between the UK and the Principality of Liechtenstein was signed in London on 11 June 2012 by David Gauke MP, Exchequer Secretary to the Treasury and Dr Klaus Tschütscher, the Prime Minister of Liechtenstein. The Convention enters into force once both countries have completed their legislative procedures. Comment This [...]
HMRC and Tax Transparency
There have been several moves within the last few months aimed at increasing taxpayers’ awareness of the tax system, how much we pay etc. November 2011 HMRC launched a consultation ‘Modernising the administration of the personal tax system: tax transparency for individuals’. The purpose of this was to understand taxpayers’ understanding of how much tax [...]
Real Time Information (RTI) and Personal Details
In a written question last week, Ian Liddell-Grainger, MP for Bridgewater and West Somerset, asked The Chancellor of the Exchequer whether HMRC would be extending its secure portal to allow taxpayers to view and update their personal details. This question was posed in view of the increased importance of correct data with the link between RTI [...]
Real Time Information Goes Live!
I did wonder what was going on when I received the dramatic E-Mailed press statement on 11 April stating ‘The tax revolution starts’. Of course, this was announcing that the pilot of RTI was officially underway. David Gauke, Exchequer Secretary said: ‘RTI will remove the administrative burdens of £300 million a year from employers, mainly [...]
Taxation and Pensioners
On 14 June 2011, the OTS wrote to David Gauke, Exchequer Secretary to the Treasury, outlining proposals for further simplification reviews. In addition to the proposal to review small business taxation was the request to focus on the taxation of pensioners, simplifying the system for the estimated 5.6 million people of pensionable age who pay [...]
HM Treasury ‘Calls for Evidence’ Response – Next Steps
Budget 2011 announced that Government would consult on the topic of a closer integration between tax and National Insurance, the subject that always seems to be on every Government’s ‘back burner’ in recent years. Between July and September this year, HMRC ran a call for evidence, which received over 70 responses from a range of [...]
