HMRC publishes Agent Update 86

15 July 2021

The latest Agent Update issue has been published by HMRC.

The update is aimed at tax agents and advisers with the purpose of providing them with the latest news and guidance.

A couple of the information pieces are included below, and you can read the Agent Update in full here.

The status of tax policy consultations

Recently, there have been several consultations and calls for evidence which could majorly impact the work that payroll professionals carry out.

Prime examples would be the Raising standards in the tax advice market consultation, and the Tax administration framework and Timely payment calls for evidence.

A document is available relating to the status of ongoing and closed tax policy consultations, to show what progress is being made on each consultation. This could prove to be very useful to anyone who submitted a response to these documents, or who monitors ever-evolving tax policy.

Further support for agents on off-payroll working rules

HMRC is providing support to those who need help in understanding and complying with the off-payroll working rules.

A new YouTube video is available that discusses how changes to off-payroll working rules could potentially affect businesses that engage with contractors.

A new webinar will be made available on the topic of the Check Employment Status for Tax (CEST) tool. Information on how to register can be located online. Additionally, HMRC has included links from certain questions in the tool to its webchat so that customers can liaise with an advisor where they are finding it difficult to answer a question.

Information is still being communicated via LinkedIn, including links to flow charts for organisations and contractors who need to understand offshore elements of the rules.

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.