20 December 2024
December’s agent update has been published. The newsletter is great for payroll professionals to scan over monthly for any relevant payroll updates, sometimes ahead of the employer bulletin release.
The guidance contains developments and changes to UK tax legislation and allowances, including:
Tax
- Check if you can delay customs payments and declarations
- 2025 to 2026 student and postgraduate loans thresholds and rates
- Simple Assessment — reminder to pay
- Basis Period Reform — reporting profits on a tax year basis
- Agent control of client online tax accounts — a reminder
- Company Tax Return requirements for quarterly instalment payers of Corporation Tax and those eligible for Marginal Relief
- Extended period for issuing tax calculation (P800) letters
Making tax digital
HMRC Agent Services
- Self Assessment deadline is not far off
- The best way to pay voluntary National Insurance contributions
- VAT Registration Service and adding repayment bank account details using a Business Tax Account
- Help test HMRC’s pay calculator for umbrella company workers
- Authorising a tax agent — helpful hints and tips for completing form 64-8
- The Administrative Burden Advisory Board (ABAB) annual report 2024
- Open consultation on simplifying the taxation of offshore interest
Agent online forum and engagement
- Issues Overview Group updates and discussions on the items raised on the agent online forum
- Issues Overview Group escalated issues
- Agent Account Manager Service
- Registering for the agent forum
- Contact information for professional and representative bodies
The next edition, issue 127, will be published in January 2025
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