HMRC have published their Agent Update, with the following content:
Tax
Developments and changes to legislation and allowances relating to tax including:
- Spring Budget 2023
- Taxpayers given more time for voluntary National Insurance contributions
- Research and Development (R&D) tax relief reform — changes from 1 April 2023
- Reporting expenses and benefits for the tax year ending 5 April 2023
- The official rate of interest from 6 April 2023
- Tax avoidance — accelerated payment notice late payment penalties
- Qualifying asset holding companies (QAHC) — new boxes on Self Assessment returns
- Plastic Packaging Tax — check if your clients need to register and pay any tax due by 28 April 2023
- Guidelines for compliance — help with VAT apportionment of consideration
- Rendering void assignments of Income Tax repayments
- Tax administration framework review: simplifying and modernising HMRC’s Income Tax services through the tax administration framework
- Capital Gains Tax on UK property paper return
- Preparing for the new tax year basis — Income Tax Self Assessment
Making Tax Digital
Developments and changes relating to Making Tax Digital including:
HMRC Agent Services
Details of live consultations and links to responses, changes to HMRC service and guidance, including:
- Update on employer Direct Debits and time to pay arrangements
- HMRC’s approach to working with agents
- The roles of the Agent Maintainer Team and Central Agent Authorisation Team
- HMRC publishes new Alternative Dispute Resolution guidance
- Tax agent toolkits
- Contact
- Manuals
- Publications
Agent Forum and Engagement
Latest updates from the partnership between HMRC and the main agent representative bodies. Including:
- Annual stakeholder conference
- Issues Overview Group
- Income Record Viewer
- Marriage Allowance
- Representative Bodies Steering Group
- Contact information for professional and representative bodies
https://www.gov.uk/government/publications/agent-update-issue-106/issue-106-of-agent-update
Related content from Claritax Books
The UK’s special tax rules for Research and Development expenditure continue to offer valuable tax relief for companies.
This title explains how the scope of R&D relief is wider than is often imagined, whilst also showing the statutory conditions that must be met for a successful claim.
