21 September 2023
The month’s agent update from HM Revenue and Customs (HMRC) is full of useful updates for the agent community. With the self-assessment deadline just around the corner there are plenty of topics related to that as well as Making Tax Digital updates as self-assessment is brought further into the digital space.
Here are the topics covered in this month’s update:
Tax
- Helping customers spot and get out of tax avoidance
- Updated 2022 to 2023 Self Assessment exclusions and specials documents for Individuals
- Just 15 days left to register for Self Assessment
- How to reduce Self Assessment repayment delays
- Income Tax Self Assessment returns — new information required on disposals of Excluded Indexed Securities
- Online tool for companies to calculate balancing charges for disposal of super-deduction or 50% special rate plant and machinery
- Updates to patent box guidance (CIRD200000 onwards)
- Alcohol Duty: apply the new duty rates and check the two new reliefs before submitting a return this month
- Coming soon — tax agent toolkit for the assurance of remittances to be reported on tax returns
- Capital Gains Tax on UK property paper return
- Research and Development tax relief — remember your additional information and claim notification forms
- Determining UK establishment
- Economic Crime Levy for anti-money laundering regulated businesses — HMRC online service now open for registrations
- Overlap Relief — preparing for the new tax year basis
- Plastic Packaging Tax — mass balance approach consultation
- The Administrative Burden Advisory Board (ABAB) tell ABAB report 2023
- Self Assessment student loan deductions and payrolled benefits in kind
- VAT registration is quicker, easier and more secure through the VAT Registration Service
EU exit
- Customs Declaration Service: announcement of phased approach for exports
- Just 10 days to go until the UK trader scheme closes
Making Tax Digital (MTD)
HMRC agent services
Details of live consultations and links to responses, changes to HMRC service and guidance, including:
- Changes to the agent dedicated line
- Changes to our probate phone line
- Pay by bank account — enhancement
- Art market participants online learning guide
Agent forum and engagement
Latest updates from the partnership between HMRC and the main agent representative bodies. Including:
- Agent online forum
- Issues Overview Group
- MTDVAT-36306 — new registration not signed up for MTD
- MTDVAT-37400 — central assessment not overwritten by submitted return
- CT-35754 — Corporation Tax amendments for long accounting periods
- Contact information for professional and representative Bodies
Keep an eye out for further news pieces where we will dive into some of the above topics to make sure you are fully abreast of changes that could impact you.
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.