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NO SAFE HAVENS FOR OFFSHORETAX CHEATS
NO SAFE HAVENS FOR OFFSHORE TAX CHEATS
HM Revenue and Customs (HMRC) confirmed today that it is working with the United States and Australian tax administrations (the IRS and ATO) on data which reveals extensive use of complex offshore structures to conceal assets by wealthy individuals and companies.
News from Martlet Partnership
Update: changes to making Corporation Tax payments
From 1 April 2011, companies and organisations will have to submit their Company Tax Returns online and pay all Corporation Tax and related payments electronically. Related payments include interest charges on overdue Corporation Tax and penalties for not filing Company Tax Returns on time.
You should not send cheque payments for Corporation Tax to HMRC after March 2011. If you want to use a cheque to make your payment, rather than posting your cheque to HMRC, you need to take your cheque and HMRC payslip to your own bank or building society or to a participating Post Office. HMRC counts these payment options as electronic. For more information on how to do this see the sections in this guide 'Paying by Bank Giro' and 'Paying at the Post Office'.
On any occasion when, exceptionally, payment is made by cheque after March 2011, the funds will be treated as being received by HMRC on the date when cleared funds reach HMRC’s bank account – not the date when HMRC receive the cheque.