Agent update: January 2024 – issue 116

19 January 2024

The Agent Update is monthly newsletter for agents provided by HM Revenue and Customs that can be a treasure trove of useful information for the payroll profession.

January’s newsletter is no different and you can head over there to read all of the updates, but below are a few we have pulled out that may be relevant to your role.

Tax

• Reminder on repayment agent registration 
• Changes to Scottish Income Tax from 6 April 2024
• Phasing out the employers’ payment booklet 
• Taxable turnover agents update 
• Upcoming changes to Paternity Leave and Pay 
• Basis period reform 
• New National Insurance tool for employees
• Agents dealing with payroll — reducing the risk of employees paying too much student loan
• Tax simplification update — January 2024

EU Exit  

• 3 new countries join Convention on Social Security Coordination

Making Tax Digital  

• Testing Making Tax Digital for Income Tax Self Assessment from April 2024

Agent online forum and engagement 

Latest updates from the partnership between HMRC and the main agent representative bodies, including: 

• Issues Overview Group  
• Contact information for professional and representative bodies

 

The next edition is due to be released on Wednesday 21 February 2024.

• Agent Update
• HMRC General

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.