Alistair Darling has made a
statement to Parliament following
the Poynter Review, which was
commissioned following the loss
of the child benefit data discs.
The Independent Police Complaints
Commission (IPCC) has also issued
a report into the circumstances
surrounding the loss.
Do you pay any professional subscriptions?
If so then tax relief may be due on the
subscription as long as the professional
body appears on the latest HMRC list.
The list includes all bodies approved
by HMRC up to 30 May 2008.
Businesses have long been allowed
to correct net errors not exceeding £2,000
in their VAT returns. From the
first new VAT period commencing
on or after 1 July 2008, HMRC
have raised the previous limit
of £2,000 to a minimum
figure of £10,000.
HMRC has been busy aligning its own
rights and powers following the merger,
several years ago, between the two old
organisations of the Inland Revenue and
HM Customs. This process will take a
number of years as the different organisations
previously had different powers, from
rights to view paperwork and in some
cases to rights of access to business
premises.
