HMRC Agent Update 88 Published

16 September 2021

The latest Agent Update issue has been published by HMRC, and includes articles that discuss technical updates and reminders relating to the Coronavirus Job Retention Scheme (CJRS), along with news about the VAT reverse charge, Making Tax Digital for VAT, and tax conditionality. 

As always, the CIPP encourage agents to read the update in full here.

Below is a summary of some of the items included in the update this month.

The update confirms the closure of the CJRS scheme on 30 September and the deadline for final claims on 14 October 2021.  In September, employers can claim 60% of furloughed employees pay, up to a cap of £1,875 per month.  The remaining 20% should be funded by the employer, alongside any employer national insurance and pension costs.

HMRC also confirm the student loan deductions should not be taken from occupational pension scheme payments, or payments that are subject to the off-payroll working rule.  Some Full Payment Submissions (FPS) files have shown student loan deductions where the indicator has been selected for one of the above.  HMRC urge agents to check the indicators are being used correctly to ensure that a mistake has not been made.

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