18 July 2024
July’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
- Guidelines for Compliance — Help with Football Agents’ Fees and Dual Representation Contracts
- P11D and P11D(b) Filing and Payment Deadlines
- Basis period reform — reporting profits on a tax year basis
- Expanding the cash basis
- Non-Resident Company Tax Rates
- Pensions for seasonal temporary staff
- Construction Industry Scheme (CIS) — Payment deduction statement
- Supporting your clients to claim refunds for PAYE tax overpayments
- Share your views on HMRC’s communications about the new alcohol duty approvals, returns and payments digital service
- Changes to the form R40
- Clarifying the workplace nursery partnership requirement rules at section 318 ITEPA
- Update on UK implementation of Multinational Top-up Tax and Domestic Top-up Tax
- Self-employed Class 2 National Insurance contributions — refund notification error
Making Tax Digital
Details of live consultations and links to responses, changes to HMRC service and guidance, including:
- Staying alert to malicious software
- Customers correspondence address in the agent portal when receiving correspondence in an alternative format
- HMRC launches new VAT registration estimator tool
- Update to the HMRC Standard for agents
- Act now and reap the benefits of filing your 2023 to 2024 tax returns early
- Helping customers to get tax right
Agent online forum and engagement
Latest updates from the partnership between HMRC and the main agent representative bodies. Including:
- Using incorrect Self Assessment (SA1) forms
- Agent online forum
- Contact information for professional and representative bodies
The next edition will be out on Wednesday 21 August 2024.
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.