INLAND REVENUE[QQ] The Revenue (with Customs & Excise) has again issued a press release insisting it will be ready for the Year 2000 change. Only time will tell. (Press release, 20 October.) The government has announced more details of its New Deal plan. This aspect is aimed at those aged 50 or over who are unemployed. It has been decided that employment credit payments and training grants under the scheme should not be charged to tax or NIC. This is being implemented immediately by statutory instrument. (Press release, 22 October.) In another joint Revenue and Customs release, a shortlist has been issued of those companies who have been invited to go forward in the STEPS initiative ('the strategic transfer of the estate to the private sector'). (Press release, 21 October.) The Revenue's home page is www.inlandrevenue.gov.uk Revenue and Customs press releases can be accessed at www.nds.coi.gov.uk The English ICA Tax Faculty The Tax Faculty's discussion paper Towards a better tax system is available as a Tax Guide. Those wanting a copy should call 01908 225122 and ask for Tax Guide 4/99. Chartered Institute of Taxation CIoT submissions include a response on stakeholder pensions as well as a submission on the tax regime in response to an Inland Revenue consultation document of 27 October 1999. More information can be obtained from the technical department on 0171 235 9381 or from the institute's website at: www.tax.org.uk.
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