23 April 2024
April’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
- National Insurance contributions checker tool and rate changes reminder
- Basis period reform — reporting profits on a tax year basis
- Plant and machinery allowances
- Research and Development changes coming into effect from 1 April 2024
- Reporting rules for digital platforms — Digital Reporting Service
- Capital Gains Tax on UK property paper return
- Capital Gains Tax — common mistakes to avoid
Making tax digital
HMRC Agent Services
Details of live consultations and links to responses, changes to HMRC service and guidance, including:
- Annual ‘Tell Administrative Burdens Advisory Board (ABAB)’ survey gives small businesses a big voice
- New online complaints form
- DIY housebuilders scheme agent update
- Raising standards in the tax advice market — strengthening the regulatory framework and improving registration consultation
- Support for customers who need extra help
- Tax agent toolkits
Agent online forum and engagement
Latest updates from the partnership between HMRC and the main agent representative bodies. Including:
The next edition of the Agent Update is due on 15 May 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.