The Low Incomes Tax Reform Group (LITRG), an initiative of the Chartered Institute of Taxation, has issued a guide for taxpayers in receipt
of PAYE tax calculation letters from HM Revenue and Customs (HMRC).
The 14-page guide, available on the group’s website, includes:
Step by step guidance for people who are told they have underpaid tax;
An explanation of the circumstances in which people can challenge HMRC;
An annotated version of the ‘P800 Notes’ (the notice people
will be sent telling them of their recalculated tax); and,
Examples of the letters taxpayers could write in response to receipt
of a tax calculation.
LITRG Chairman, John Andrews said:
“Taxpayers receiving tax calculations from HMRC are in need of help,
particularly if these show that they owe money to HMRC and they cannot afford
to pay for a tax adviser. We do not feel that HMRC have done all they could
to help the vulnerable and the uninitiated, something which we hope will
be improved before the large bulk of the six million calculations are sent out.”
“So, to fill the gap, we are providing extra guidance. The position is
complicated, but we have tried to cover most circumstances. Our aim was to provide
assistance to people who can adapt it to fit their own situation.”
“We will be refining our advice as further evidence of the nature of
problems occurring becomes apparent. In the meantime, we hope that HMRC will
improve their guidance, particularly for people without access to the internet.
We also hope that in areas of doubt, of which there are many, they will apply
a generous and sympathetic approach.”
Lowtax Network Portal: 'Low-tax' business and investment in the top
50 jurisdictions covered in exceptional detail.
Tax News: Global tax news, continuously updated through the day. Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored byHSBC
Bank International. Law & Tax News: Daily
news and background data on tax and legal developments for international business. Offshore-e-com: A topical
guide to offshore e-commerce focused on tax and regulation. Lowtax Library: One of
the web's largest and most authoritative business and investment information
sources. US Tax Network: The resource
for free online US taxation information, covering: corporate tax, individual
tax, international tax, expatriates, sales and e-commerce tax, investment
tax. Personal Business Tax
Guide: Providing essential tax news and information on business for
contractors, entrepreneurs, professionals, small businesses, artists, sportspersons
and entertainers. Offshore
Trusts Guide: OTG publishes news, features and newsletters on the
use of offshore trust structures. TreatyPro:
The online tax treaty resource.
PROTECT AND GROW
WEALTH OFFSHORE
Protect
Yourself and Your Assets against Devaluation of the Dollar, Currency
Controls, tax hikes and nationalization!
Discover legal ways to protect what is rightfully yours.
Truth revealed about Secure Multi-currency Banking, Family Foundations,
offshore gold/silver storage, Second Passports and more. Get your
"plan B" in place. Don't suffer from the crisis - profit from
it!
One of the web's largest and most authoritative business and investment
information sources. Alongside topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
Our 16 constantly updated intelligence
reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer
pricing. Reports are available for immediate downloading or as subscription
services with news pages.
Advertising
& Marketing
With over 50,000 qualified readers every month our web-sites offer
a number of cost effective, targeted advertising, sponsorship and marketing
opportunities:
- Display advertising - from 'skyscrapers' to 'buttons'
- Content/article submission and sponsorship
- Opt-in email marketing
- On-line Services Directory listings
Click
here to learn more or contact Charles Bell on +44 (0)1424 205 425
or at charles@bsi-media.com
and he will put you in touch with your regional rep.
News & Content
Solutions
Could your corporate web-site or newsletter benefit from incorporating
regularly updated news and content tailored to serve your clients' interests?
We can provide a variety of maintenance-free news and content solutions
that can be seamlessly integrated and dynamically delivered:
Click here
to learn more or contact Charles Bell on +44 (0)1424 205 425 or at charles@bsi-media.com
and he will put you in touch with your regional rep.
Comments
Read our Posting GuidelinesBe the first to comment on this story...
Write a comment