HMRC will stage a series of open meetings to discuss the ‘substantial amount of work' remaining on the reclassifying protection business for providers under a new tax regime.
The revenue agency also revealed that discussions with stakeholders had been taking place since spring 2010, and this had worked well due to the constructive contribution of all parties. It confirmed that a further consultation document on the implications and move to an accounts basis will be released in conjunction with the Treasury next month. HMRC said that alongside the formal consultation will invite industry members, representative bodies and advisers to continue discussion of the issues. "Following the decisions now being announced, there remains a substantial amount of wor...
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