HMRC have published their Agent Update, with the following content:
Tax
- Find out about the Income Record Viewer
- Budget payment plan for Self Assessment customers
- Businesses urged to disclose till misuse
- End of year reporting for employers
- Submitting your client’s 2023 to 2024 Annual Tax on Enveloped Dwellings (ATED) return
- Preparing for the new tax year basis – Income Tax Self Assessment
- Alcohol Duty review — share your views on the proposed secondary legislation by 9 April 2023
- Short-term property letting income — getting tax right
- Student Loans thresholds, rates and loan start notices
- Venture Capital Schemes — new online service for submitting compliance statements for SEIS and EIS schemes
- Research and Development (R&D) tax reliefs: merger consultation – draft guidance
- Economic Crime Levy for anti-money laundering regulated businesses
- The second-hand motor vehicle payment scheme
- Update on UK implementation of global tax reform
- Plastic Packaging Tax — check if your clients need to register
- Tax avoidance spotlight
Making Tax Digital
HMRC Agent Services
Details of live consultations and links to responses, changes to HMRC service and guidance, including:
- How to update your designatory details with HMRC
- Updating your client’s designatory details
- We would like your feedback on our manuals
- Business advisers: help your employer clients stay on top of their workplace pensions duties
- Tax agent toolkits
- Contact
- Manuals
- Publications
Agent Forum and Engagement
Latest updates from the partnership between HMRC and the main agent representative bodies. Including:
https://www.gov.uk/government/publications/agent-update-issue-105/issue-105-of-agent-update
Related content from Claritax Books
Enterprise Investment Scheme, by Andrew Rainford, offers a clear explanation of the four types of venture capital relief: EIS, Seed EIS, venture capital trusts, and social investment tax relief.
In each case, the author looks at the range of tax incentives offered by the legislation, including (as appropriate) income tax reliefs, CGT exemptions, CGT deferrals, and relief for losses incurred. The conditions for relief are examined in detail and are illustrated with examples.
