ARTICLE · 19 JANUARY 2012

Weekly Tax Update - Monday 16 January 2012

Smith & Williamson

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The transitional exclusion to the reduction in the general time limit for claims for taxpayers outside the self assessment comes to an end shortly.

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Richard Mannion

1. General news

1.1. Finance Bill 2012

Finance Bill 2012 to be published on Thursday 29 March 2012.

www.parliament.uk/documents/commons-vote-office/1-Chancellor-Finance-Bill-2012.pdf

1.2. Repayment claims for non self assessment taxpayers

The transitional exclusion to the reduction in the general time limit for claims for taxpayers outside the self assessment comes to an end shortly.

www.hmrc.gov.uk/about/deadlines-taxpayers.htm

1.3. Cheating the revenue

David Perrin, Deputy Managing Director at Vantis Tax Ltd, has been found guilty of dishonestly submitting and dishonestly facilitating and inducing others to submit claims for tax relief which falsely stated values of shares which were gifted to charities.

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