Agent Update 64

20 February 2018

HMRC has published the latest Agent Update which details guidance, developments and changes to legislation relating to UK tax.

Amongst many other updates this Agent Update highlights that:

  • Amendments have been made to the Statutory Maternity Pay Calculators on GOV.UK to allow employers to input the number of monthly earnings the employee has received in the relevant eight week period. This will benefit employers when bank holidays etc. generate an extra (mistimed) payment in the relevant period. See page 9 for further details
  • The changing cyber landscape means businesses need to stay one step ahead. In a Talking Points meeting on 9 March, HMRC will introduce what cyber hygiene is, how it can benefit you and how it helps towards protecting you against the latest emerging cyber threats. Full details are on page 22
  • Action is needed now by taxpayers with overseas interests – those taxpayers who know or suspect that they have unpaid tax relating to overseas assets, income or activities need to act before 30 September 2018 to avoid incurring much higher penalties for their non-compliance. Further details are on page 2

Agent Update 64 also includes numerous updates and reminders on tax, HMRC service and working together.

Readers can scan the brief introductions to each piece to identify the topics relevant to them, then follow the link to view the full information.

The Agent Update highlights this month’s top articles as:

  • Fulfilment House Due Diligence Scheme - From 1 April 2018 the scheme will open for online applications
  • Research and Development tax relief - Claims can now be made up until 30 April 2018
  • Managed Service Companies (MSC): Upper Tribunal decision - On 19 January 2018 the Upper Tribunal released their decision about the application of the MSC legislation to appellants who were MSC

Previous editions of Agent Update are also available on GOV.UK.