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Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

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Tax Agents and Advisers Briefing-Single Compliance Process

The evaluation period for the single compliance process has been extended. HMRC have now issued a briefing paper explaining the decision.

Following continued consultation with stakeholders, HMRC has agreed to extend the evaluation period to 31 August 2012 to ensure that both the process and internal implementation package is fully evaluated. If the trial sees favourable results, the single compliance process project will commence in September 2012.

HMRC wish to make it clear that extending the evaluation period should not be seen as an indication that a decision has been made on the single compliance process. The process is still in trial stage and lessons continue to be learnt on the design of the process and its impact.

The briefing document is available at http://www.hmrc.gov.uk/news/scp-120202.pdf