Monday 3 December 2012

HMRC U Turn On Machine Games Duty



On the 28th of November I wrote about HMRC's Machine Games Duty:
"Registrations in respect of existing operations must be made before 1 January 2013 to allow HMRC to process applications in plenty of time before 1 February 2013."
Today HMRC have announced a U Turn, and have extended the deadline to 11 January 2013 (although seeming to leave the window open for late registrations even after the extended deadline):
"Online registration for the new Machine Games Duty (MGD) regime has been extended until 11 January 2013, after representation from the industry. 

MGD comes into force on 1 February 2013. Anyone responsible for premises from which gaming machines and other machine games are provided for play must be registered with HM Revenue & Customs (HMRC) before that date. HMRC cannot guarantee that registration applications received after 11 January will be processed in time.

Failure to register could lead to a penalty of up to 100 per cent of the tax due."

Methinks they are not expecting this to work very smoothly!

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

No comments:

Post a Comment