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Topic: Inland Revenue

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  Inland Revenue - Wikipedia, the free encyclopedia
The Inland Revenue was a department of the British Government responsible for the collection of direct taxation, including income tax, national insurance contributions, capital gains tax, inheritance tax, corporation tax, petroleum revenue tax and stamp duty.
More recently, the Inland Revenue have also administered the Tax Credits schemes, whereby monies are paid by the Government into a recipient's bank account or as part of their wage, such as Working Tax Credit and Child Tax Credit.
The Inland Revenue was merged with HM Customs and Excise to form a new department, HM Revenue and Customs, with effect from 18 April 2005.
en.wikipedia.org /wiki/Inland_Revenue   (470 words)

 Inland Revenue issue interpretation on the application of transfer pricing principles to employee share option and ...
The Revenue’s view is that the principles established in the Waterloo case are applicable to the new transfer pricing legislation in schedule 28AA ICTA 88, that they apply equally where a foreign parent company grants share options to employees of UK companies and to other share based incentive plans.
However, it is clear from the Bulletin that the Revenue are also attacking cases where there is an erosion of the UK tax base by foreign multinationals operating share option plans and making a recharge based on the full “spread” to the UK subsidiary.
In this case the Revenue may again seek to impute and tax arm’s length income arguing that such income is in relation to the provision of the share option plan and therefore not a capital receipt.
www.ey.com /GLOBAL/content.nsf/UK/IT_-_Alerts_-_03_02_DC_-_Transfer_pricing_principles   (1867 words)

 Policy Advice Division of New Zealand Inland Revenue
The scheme will be administered by Inland Revenue and the Ministry of Economic Development, and is expected to come into effect on 1 April 2007.
Revenue Minister Peter Dunne confirmed today that the business tax review is under way, with a likely implementation date of April 2008 for resulting changes.
Policy Advice is a division of the New Zealand Inland Revenue Department.
www.taxpolicy.ird.govt.nz   (257 words)

 MPs report attacks Inland Revenue's tax credits failures - WhatPC?   (Site not responding. Last check: 2007-10-07)
The sub-committee report criticises Inland Revenue evasiveness over the extent to which EDS will to be asked to pay for the cost of the disastrous IT which caused huge delays paying tax credits to Britain's poorest families.
Inland Revenue chief Sir Nicholas Montagu promised only that there would be talks with the IR's IT partner of 10 years over the cost of compensation to those whose payments were delayed and the administrative costs of 200,000 interim payments that had to be made as a result.
Revenue deputy chairman David Hartnett suggested that the IT problem was one of data flow in a component-based system involving several different computer systems.
www.whatpc.co.uk /computing/analysis/2075776/mps-report-attacks-inland-revenue-tax-credits-failures   (2163 words)

 UK, Savjani v. Inland Revenue Commissioners
The plaintiff went to the local Inland Revenue office, where information and advice was given to members of the public on their tax affairs, in order to claim tax relief under section 10 (1) of the Income and Corporation Taxes Act 1970 n1 in respect of his son.
So it is plain that instructions went out from the Inland Revenue officers that, in respect of a child whose parent or parents were born in the Indian sub-continent, they were not to be satisfied with the short form of birth certificate.
Moses submitted that the Race Relations Act 1976 does not apply to the Inland Revenue at all, but he naturally and wisely recoiled from the suggestion that the inspector of taxes might decline to interview a taxpayer if the taxpayer were coloured.
www.hrcr.org /safrica/equality/Savjani_InlandRevenueComm.htm   (4496 words)

 Online edition of Daily News - News   (Site not responding. Last check: 2007-10-07)
The Inland Revenue Service Union in a press release last Sunday explained the main causes for the inefficiency that prevailed in the Inland Revenue Department and pointed out that the tax revenue which was 19 percent of the GDP in 1980 dropped to 14 percent by 2003.
Weak tax management,utilization of weak resources and the outdated institutional structure are the main causes of inefficiency in the Inland Revenue Department, it stated.
The Inland Revenue Service Union representing nearly 60 percent of the revenue service workforce, pointed out these causes and agitated for a reformation in keeping with and present day tax management, economic, social and technological development.
www.dailynews.lk /2004/07/14/new26.html   (250 words)

 Welcome to Inland Revenue Board Malaysia   (Site not responding. Last check: 2007-10-07)
The Inland Revenue Malaysia is one of the main revenue collecting agencies of the Ministry of Finance.
The Department of Inland Revenue Malaysia became a board on March 1, 1996, and is now formally known as THE INLAND REVENUE BOARD OF MALAYSIA.
The Inland Revenue Board was established in accordance with the Inland Revenue Board of Malaysia Act 1995 to give it more autonomy especially in financial and personnel management; to improve the quality and effectiveness of tax administration.
www.hasilnet.org.my /english/eng_index.asp   (232 words)

 Faulty IT systems contributed to £2bn tax credits loss at Inland Revenue   (Site not responding. Last check: 2007-10-07)
The Inland Revenue has lost up to £2bn in overpaid tax credits and the new IT systems that should help rectify the problems are not working properly, according to a National Audit Office report released today.
Inland Revenue’s new tax credit payments, which were introduced in April.
A spokeswoman for the Inland Revenue said that the department is considering the findings of the NAO report, and that the backlog in processing child and working tax credit claims had been cleared.
www.computerweekly.com /articles/article.asp?liArticleID=126672&liFlavourID=1   (311 words)

 Inland Revenue adjusts IR35 guidelines - Builder UK
IR35 campaigners have welcomed changes made by the Inland Revenue in the way it assesses whether someone is genuinely self-employed -- a move that could mark a thawing in relations between IT contractors and the tax inspectors.
The Professional Contractors Group (PCG), which recently lost both a high court challenge to IR35 and a subsequent appeal, said that the Inland Revenue's actions were a positive step.
Although the changes follow discussions between the PCG and the Inland Revenue, the Revenue insists that such changes are made regularly.
uk.builder.com /developer/0,39026995,2110369,00.htm   (550 words)

 Line56.com: Inland Revenue Drops EDS   (Site not responding. Last check: 2007-10-07)
Inland Revenue, the U.K.'s tax body, has come to the end of its ten-year partnership with outsourcing specialist EDS, choosing instead to sign a $5.2 billion, decade-long agreement with Cap Gemini Ernst & Young (CGE&Y) and partner Fujitsu.
Sir Nicholas Montagu, chairman of Inland Revenue, recently testified before a Treasury Subcommittee that EDS was responsible for faulty tax credit systems that resulted in late credits for some taxpayers.
The systems EDS helped build for Inland Revenue went through what Montagu described as a "teething process." While many large-scale technology deployments do have such processes, in this case the mistakes made by Inland Revenue's systems have had a direct and immediate impact on U.K. taxpayers and thereby riled up those taxpayers' elected representatives.
www.line56.com /articles?NewsID=5217   (462 words)

 Inland Revenue - Acting as a regulator and enabler - Summary
Inland Revenue, tax, customer, government, entitlements, stakeholders, enabler, tax payers, business, citizens, regulator, employees, responsibility, tax system, obligations.
This case study looks at the central role of the Inland Revenue in helping to ensure that the government is adequately funded.
The Inland Revenue has a social responsibility to help those willing to meet their obligations.
www.thetimes100.co.uk /case_study.php?cID=25&csID=45   (367 words)

 [No title]   (Site not responding. Last check: 2007-10-07)
Learning objectives: to understand the role of the Inland Revenue to understand the importance of communication to the Inland Revenue to understand the change in culture at the Inland Revenue.
Traditionally the Inland Revenue was associated with collecting the right amount of tax from taxpayers.
In addition to collecting tax revenues, the Inland Revenue plays a number of other important roles such as paying tax credits, ensuring that employers are paying the minimum wage, collecting student loans, etc. How has the Inland Revenue sought to change its culture in order to accommodate the changes outlined in the previous questions.
www.thetimes100.co.uk /teachers/files/ir_9_lp16.doc   (1043 words)

 Inland Revenue   (Site not responding. Last check: 2007-10-07)
The Inland Revenue site has a very useful index page which lists most of the key location for the government information about stakeholder pensions, it is "http://www.inlandrevenue.gov.uk/stakepension/index.htm".
They will then have to sign it and sent it to the Inland Revenue before the end of the tax year in which you want to contract BACK in.
The Pension Schemes Office of the Inland Revenue which is the specialist department responsible for the approval and compliance of pension schemes is located at Yorke House, PO Box 62, Castle Meadow Road, Nottingham NG2 1BG.
www.stakepension.com /main/revenue.htm   (426 words)

 BBC NEWS | Business | Inland Revenue dumps IT provider
Embattled computer services group EDS has been ditched by the Inland Revenue after being blamed for a catalogue of errors over tax credit payments.
Instead, the £3bn contract to run the Revenue's IT services over the next 10 years has been awarded to Cap Gemini.
EDS has run the Inland Revenue's tax and national insurance system since 1994.
news.bbc.co.uk /1/low/business/3310189.stm   (289 words)

 Shout99 : Inland Revenue Matters: Offshore tax avoidance (1)
The first looks that the Mapeley case where an offshore company bought a number of Inland Revenue properties andthe Government was heavily criticised at the time for entering into such a tax avoidance arrangement.
The evidence from Sir Nicholas Montagu, Chairman of the Inland Revenue, in which he referred to further legal advice he had obtained, suggested to us that this could not be done.
The conflicting evidence given to the Committee by the Chairman of the Inland Revenue and the Paymaster General has not resolved the vital question of whether in future the tax haven status of bidders for Government contracts can or cannot be taken into account.
www.shout99.com /contractors/showarticle.pl?id=17741&n=   (749 words)

The Revenue will therefore be interested in investigating clubs to establish if they are actually in business to make profits – if not, all expenses may be challenged.
As clubs are trying to rebalance financial arrangements with the players, sophisticated schemes and new methods of payment such as the use of offshore banks and trusts, are known by the Inland Revenue to be on the increase and are often untested.
Next month, the Revenue loses its status as a preferential creditor in insolvency cases which may make it more aggressive in collecting debts and lead it to target businesses which it feels are most likely to owe it money or are at risk of becoming insolvent whilst owing it money.
www.pkf.co.uk /web/pkf800.nsf/pagesbyID/ID512E85BEA43A591E80256D8F004B9C39?OpenDocument   (832 words)

 News from Tax Relief the Inland Revenue Watchdog
The Inland Revenue have admitted that last year there were 226 cases of data violation by Inland Revenue staff – of which two were found to have sold confidential tax data for personal gain.
However, in the Inland Revenue’s first response to the inquiry, of even greater concern were their failure to identify which tax offices were involved and their failure to confirm that taxpayers are notified when their records are abused.
The Inland Revenue, which takes in £2 billion a year, is widening its scope to include student loans, minimum wage, tax credits and – from April – child benefit.
www.taxrelief.org.uk /news.html   (1718 words)

 The Sunday Telegraph: Tax online need not be taxing The Inland Revenue is encouraging us to file our tax returns on the ...   (Site not responding. Last check: 2007-10-07)
Tax online need not be taxing The Inland Revenue is encouraging us to file our tax returns on the net.
The ink is hardly dry on your last cheque to the Inland Revenue, but tax returns for 2001 are now dropping through letter boxes across the nation.
You have until September 30 to return the form if you want the Revenue to work out what you owe, or January 31 2002 if you are willing to do your own calculations.
www.highbeam.com /library/doc0.asp?DOCID=1P1:80831567&refid=ip_encyclopedia_hf   (250 words)

 Inland Revenue
However, the Inland Revenue has ruled that use of the marked paramedic vehicles still constitutes a "taxable benefit" similar to a company pool car, and has landed some staff with bill running into hundreds of pounds for the privilege.
She said that negotiations with the Inland Revenue were ongoing.
Michelle Stradling phoned an automated Inland Revenue line, leaving her name and address on the voice bank, to get a children's tax credit pack.
www.minbu.freeuk.com /ir.htm   (660 words)

 Guardian Unlimited Politics | Special Reports | Inland Revenue's tax breaks for big business
The 2,000 largest corporations in Britain are being allowed to cut corners in tax law and escape Inland Revenue penalties as part of the government's efforts to produce a business-friendly environment.
Minutes of Inland Revenue meetings show that the companies, who between them last year were caught failing to pay more than £2bn in tax, have been offered concessions that will deprive the Treasury of millions of pounds of revenue.
Despite the evidence of the minutes, the Inland Revenue denies its inspectors have been told to cut corners in the law.
politics.guardian.co.uk /economics/story/0,11268,761706,00.html   (497 words)

 - Student loans
Inland Revenue administers the repayment of student loans.
This section is a resource for people managing the repayment of a student loan and for students considering taking out a loan.
Inland Revenue's role is to collect loan repayments after money is borrowed.
www.ird.govt.nz /studentloans   (493 words)

 Inland Revenue threatens EDS over tax fiasco (again) | The Register
The Inland Revenue is again threatening to sue EDS over the failure of its tax credit system.
The Inland Revenue sacked EDS in December 2003 and awarded the work to CapGemini, Fujitsu and BT.
The Revenue blame EDS for providing inadequate systems while EDS blames the overpayments on the policy rather than the implementation of the system and the Revenue for changing its mind while the project was put in place.
www.theregister.co.uk /2005/10/11/eds_revenue_rage   (333 words)

 Inland Revenue Special Compliance Office - Accountancy Age   (Site not responding. Last check: 2007-10-07)
The main function of the Inland Revenue Special Compliance Office is to investigate major cases of tax fraud, evasion and avoidance.
There are three ways in which the Inland Revenue Special Compliance Office may conduct an investigation into a major case of tax fraud, evasion or avoidance.
Whichever type of investigation is being pursued, the fact that the Inland Revenue Special Compliance Office is involved suggests that the matter is viewed seriously by the Inland Revenue.
www.accountancyage.com /accountancyage/news/2028579/inland-revenue-special-compliance-office   (650 words)

 Inland Revenue Encouraging Switch To PAYE System For Certain Taxpayers
According to a report in the Independent newspaper, the UK’s Inland Revenue is encouraging certain taxpayers to switch to the PAYE (pay as you earn) system from the self assessment system in a bid to save the department some money.
The paper reported that Richard Lloyd-Warne, a tax manager at the London office of national accountancy group, UHY Hacker-Young, is one taxpayer who has received a letter from the Revenue inviting him to forgo the hassle of filling out a self assessment tax return form in favour of paying his full tax obligation by PAYE.
Lloyd-Warne considers this move a deliberate tactic by the Revenue to reduce the number of legitimate refunds it has to pay, and advises taxpayers to continue filing their own returns, arguing there is “a point of principle at stake.”
www.companiesinc.com /cinewsletter/story.asp?storyname=17673   (281 words)

 BBC NEWS | Business | eBay: Money for Old Rope?
Last year the Inland Revenue visited eBay's UK headquarters in Richmond-upon-Thames, and eBay says it will be putting up a link to the Revenue's website to encourage traders to declare taxable earnings.
For its part, the Inland Revenue has refused to admit that there is a grey area for eBay traders, between those who are buying and selling privately, and those who are doing it "professionally'" or to supplement their income.
As the Revenue told the Money Programme: "There is usually no dispute that the activities carried on by a particular taxpayer do amount to a trade: the butcher, the baker and the candlestick maker all know, without getting into semantics, that they are carrying on a 'trade'.
news.bbc.co.uk /1/hi/business/4274683.stm   (1116 words)

 Managing Multiple XML Schemas in the UK's Inland Revenue
The United Kingdom's Inland Revenue is responsible, under the overall direction of UK Treasury ministers, for the efficient administration of income tax, tax credits, corporation tax, capital gains tax, petroleum revenue tax, inheritance tax, national insurance contributions and stamp duties.
The Inland Revenue realised that the extension of their submission mechanisms from manual to magnetic media, to EDI, and now to XML, would put great strains on systems and business departments.
As the Inland Revenue implementation continues, we expect X-Meta to generate code to convert incoming submissions into the formats mandated by the back-office systems, cutting out the need to write interface specifications and translate those into code.
www.idealliance.org /papers/xml02/dx_xml02/papers/05-02-05/05-02-05.html   (2687 words)

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