Agent update - December 2022 issue

HMRC have published their Agent Update, with the following content:

Tax

Reduction in the rate of National Insurance contributions (NICs) from 6 November 2022 — use updated guidance
Tax avoidance — how to avoid being caught out
Launch of toolkit for reporting foreign income in tax returns
Plastic packaging tax — check if your clients need to register
Capital Gains Tax (CGT) on UK property account
If your clients benefit financially from UK property owned through offshore entities
Preparing for the new tax year basis — income tax self-assessment
Off-payroll working rules
HMRC clamps down on major till fraud
Updated self-assessment exclusions document

Making Tax Digital

Making Tax Digital (MTD) for VAT-businesses now signed up as the way VAT returns are filed has changed
Get ready for changes to VAT penalties and interest from 1 January 2023
If your clients have outstanding deferred VAT
Agent services account — making things easy for you

HMRC Agent Services

Interactive P2 Guidance — helping customers get it right
HMRC app improvements — unique taxpayer reference
P87 forms — information requirements
Construction industry scheme — requests for payment and deduction statements
Returns for the tax year in which someone died and earlier
XBRL tagging of 2022 Accounts
Calculate Marginal Relief for Corporation Tax — a new service for companies and agents
The Trust Registration Service
Administrative Burden Advisory Board (ABAB) 2022 Annual Report
Agent forms
Updated agent guidance on GOV.UK
Income Record Viewer
Tax agent toolkits
Contact
Manuals
Publications

Agent Forum and engagement

Agent update – December 2022 issue