21 February 2025
The February Agent Update is out and there are some key policy areas you need to be aware of, such as the Official Rates of Interest, National Insurance and Neonatal Care Leave and Pay.
Take a look at the things covered in this edition and make sure you don’t miss anything important to you or your clients:
Tax
- Expanding the cash basis
- Guidelines for Compliance — Help with labour supply chain assurance— GfC12
- Submitting your clients’ 2025 to 2026 Annual Tax on Enveloped Dwellings (ATED) returns
- The Official Rate of Interest from 6 April 2025
- Managed Service Companies (Spotlight 67) — new guidance
- Get ready for changes to employer National Insurance
- Changes to 2024 to 2025 in-year returns for Trusts and Estates
- Basis Period Reform – reporting profits on a tax year basis
- Alcohol duty reforms
- Statutory Neonatal Care Leave and pay
Borders and Trade
- Windsor Framework — Trader Goods Profile public beta launched
- Warehousekeepers and Owners of Warehoused Goods (WOWGR)
- Getting ready to continue making business -to-business post and parcel movements to Northern Ireland
Making Tax Digital
- You may have clients who need to change the way they report their income and expenses
- Making Tax Digital for Income Tax events
HMRC Agent Services
- Tax advice - do not get caught out by tax avoidance
- Agent Services Account (ASA) — Sign up to test our new ‘Access Groups’ feature
- Self Assessment — thank you
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