16 May 2025
The May 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
- Employment related securities (ERS) — end of year return deadline
- Loan relationship unallowable purpose rule — updated guidance
- Use of VAT grouping within the care industry
- Statutory Neonatal Care Leave and Pay — draft communication for HMRC Stakeholders
- Issuing of Unique Taxpayer References over the phone
- Spotlight 68 — using prepaid debit cards for profit extraction to reduce profits and disguise income
- New Interactive Compliance Guidance tool now live
- Mandating the reporting of Benefits in Kind and expenses through payroll software —an update
- Simple Assessment
Making tax digital
HMRC Agent Services
- Carbon border adjustment mechanism (CBAM) — Policy update and consultation
- Changes to Corporation Tax reminders, statements and receipts
- The end of the Alcohol Duty Stamps Scheme
- Self Assessment — early filing and top tips
- Improving the way agents access the Personal Tax Query Resolution Service for Agents
- Cybercrime and the use of legitimate software
Agent online forum and engagement
- Closure of the HMRC online community forums
- Technical consultation on draft secondary legislation for Restitution Interest
- Income Record Viewer
- Address rejections — hints and tips
- PAYE auto coding
- missing PAYE codes
- contact and support from HMRC
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