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Fraudulent use of details on manchesterbased.co.uk

It has come to our attention that fraudsters have created a business listing on manchesterbased.co.uk and have used some of our details in order to try to make their listing look more genuine.

Please be aware that this listing is NOTHING to do with us. The telephone number that they are using, 0161 814 1325, is also NOTHING to do with us.

We have reported the listing to manchesterbased.co.uk and hope to have it removed as soon as possible, and for the website to better vet their listings in future.

Guidance on requirement to correct

HMRC has published guidance on complying with the requirement-to-correct rules. This condition is included in F(No 2)A 2017, s 67 and Sch 18 and obliges taxpayers to notify the tax authority if money held offshore has not been taxed or reported. It applies only to tax non-compliance before 6 April 2017 and taxpayers must notify any outstanding liability to HMRC by 30 September 2018.
The deadline coincides with the start date for the common reporting standard when the tax authorities in more than 100 countries will begin exchanging data on financial accounts.
Failure to disclose the …

Read more here:: Taxation

In brief

Royal assent
Finance (No 2) Act 2017 received royal assent on 16 November.

Corporation tax
HMRC has published guidance on how some corporation tax returns may need amendment because of retrospective changes to corporation tax …

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Scottish income tax – where next?

The Scottish government has published a discussion paper examining the role of income tax in Scotland’s budget. It sets out Holyrood’s powers over income tax, the contribution the tax makes to the budget, who pays it and the benefits of taxation for individuals and businesses.
Finance Secretary Derek Mackay said: ‘I am seeking a well-informed and considered debate on the use of our powers, recognising that in a parliament of …

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Legislating for Brexit

The government has tabled resolutions for a customs bill – the Taxation (Cross-border Trade) Bill – and introduced the Trade Bill to parliament as it paves the way for the UK leaving the EU.
In a written ministerial statement, Greg Hands, Minister of State for International Trade, said this followed publication …

Read more here:: Taxation