Clients blamed over self-assessment delays

Article Abstract:

Clients as well as Revenue & Customs came under attack from tax advisers in equal measure as the deadline for self assessment, January 31 2006 has approached, and apparently, clients are not bothered about paying a fine of pounds sterling 100. The Revenue takes months to process accounts and hence clients might be confused about the amount they owe and might also incur interest penalties for non-payment, as a result of which, tax advisers blame clients more than the Revenue that they do not pass on the data to complete the tax return.

Canada, Management, Company business management, Tax revenue estimating, Canada. Customs and Revenue Agency

---

Repatriating the family silver

Article Abstract:

An American newspaper estimated that the money held in the individual accounts in offshore financial centers in 2003 is $12 billion. The announcement of the amnesty provision by the exchange control regulation provided an opportunity for offshore accounts users to come clean and declare their external investments, thereby avoiding any future risk of incurring liability for previous contraventions of exchange controls or failure to declare income for tax purposes.

United Kingdom, Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis, Inheritance and succession, Tax amnesty

---

Summertime blues

Article Abstract:

The proposed move to bring the deadline of filing tax returns forward has not gone down well with accountants and tax practitioners as the major burden of tax return completion will fall across the summer holidays. They feel that bringing the self-assessment deadline forward would drive up fees for clients and lead to staffing nightmares and job losses.

United States, Services information, Services, Practice, Accountants, Tax assessment

Similar abstracts:

• Abstracts: CAPE crusaders. Reporting what matters
• Abstracts: It's good to talk. Assessing the impact of ISAs. Avoidance and the tax practitioner
• Abstracts: Investment grade looms for Brazil. Growth expectations
• Abstracts: Insights into US public biotech sector using patenting trends. Navigating the future(s) of biotech intellectual property
• Abstracts: Billion dollar babies-biotech drugs as blockbusters. Getting dumped. Crystal gazing: Biotech's financial outlook

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.