Agent update 97 - June 2022
17 June 2022
Each month Her Majesty’s Revenue and Customs (HMRC) issues an update for tax agents within the UK, covering a variety of topics that may be of interest. Here are the items covered in June's update and links to the relevant section if you require additional information.
Tax
- check if your clients are liable for the new Plastic Packaging Tax
- Company Tax Returns: non-UK resident companies receiving UK property income
- increase in National Insurance thresholds
- improvements to Corporation Tax letters
- domestic reverse charge for mobile phones and computer chips — sales reporting
- residency and the remittance basis charge
- making a notification into the Qualifying Asset Holding Company Regime
- application of the Construction Industry Scheme to property investment companies
- amendments to Corporate Interest restriction — working group
Making Tax Digital
- changes to VAT penalties
- VAT Registration Service
- Making Tax Digital — make sure your clients are ready
- Making Tax Digital for Income Tax Self Assessment — joining the pilot
Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.