26 February 2024
The Agent Update is not just for agents. It is a trove of information and comes monthly, as opposed to the employer bulletin which comes every other month. So, don’t miss this one out when looking for key tax and payroll updates, even if you are not an agent.
This month’s update brings keys information on the following topics, key payroll areas are highlighted in bold:
Tax
- National Insurance contributions rates reminder
- Paying PAYE (Pay As You Earn)
- Update on the P87 form and Marriage Allowance transfer claim form (MATCF)
- Submitting your clients’ 2024 to 2025 Annual Tax on Enveloped Dwellings (ATED) returns
- Corporate Interest Restriction — update from HMRC
- Income Tax — basis period reform
- HMRC’s approach to how we treat insolvent members of a VAT Group has changed
- Research and Development update
EU Exit
- Register for the new digital system that manages ‘Union goods’
- Changes for goods moving from the island of Ireland to Great Britain
Making Tax Digital
- Making Tax Digital for Income Tax Self Assessment — an opportunity to take part in testing
- Removal of ‘VAT for Agents’ from HMRC’s Online Agent Authorisation (OAA) service
HMRC Agent Services
Details of live consultations and links to responses, changes to HMRC service and guidance, including:
- HMRC agent online forum — important information for all users
- Self Assessment — well done and thank you
- Changes to the form R40
- Extending Agent Dedicated Line (ADL) webchat service and progress chasing
- HMRC and Border Force publish new Illicit Tobacco Strategy
- HMRC’s continuing activity relating to the Pandora Papers
- Litigation Settlement Strategy webinar
- Wealthy External conference minutes
- Support for customers who need extra help
- Tax agent toolkits.
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.