Agent Update – issue 100
22 September 2022
Each month HM Revenue and Customs (HMRC) publishes an update for agents detailing any changes that require highlighting.
This month’s update has updates on the following items:
Tax
- decision tool and calculator for the 130% super-deduction and the 50% special rate (SR) capital allowances
- 2021 to 2022 Self Assessment (SA) exclusions and specials documents
- employer PAYE new recurring Direct Debit functionality
- new powers for naming tax avoidance promoters
- spotlight 60 — warning for agency workers and contractors employed by umbrella companies
- freeports update
- preparing for the new tax year basis — Income Tax Self Assessment
- Economic Crime Levy for anti-money laundering regulated businesses
- Capital Gains Tax on UK property account — agent authorisation for digitally excluded customers
- Plastic Packaging Tax — check if your clients should register and prepare to submit their return and payment
- student loans
Making Tax Digital
- change in how customers tell us about errors on their VAT returns — new digital G-Form
- Agents Services Account (ASA) — granular permissions
- Making Tax Digital for VAT — make sure your clients are signed up
HMRC Agent Services
Details of live consultations and links to responses, changes to HMRC service and guidance, including:
- HMRC app — new employment details
- PIN activation letters
- The Trust Registration Service
- Corporation Tax repayments
- Tax Agent Toolkits
- contacts
- manuals
- publications
While this publication has a heavy focus on tax issues for agents, there are always some key areas for payroll professionals that can be useful between the bi-monthly Employer Bulletin. Of note in this month’s update are reminders and tips for freeports, Direct Debit functionality, umbrella companies and student loans.
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.