HMRC

HMRC Talking Points

HMRC’s regular Talking Points webinars provide information, guidance and tips to help you understand tax issues. Forthcoming ones include: Statutory Maternity Pay: This webinar has been designed to provide guidance on what payments can be made and how to work them out. HMRC subject matter experts will be online during the webinar to take your questions. Thursday 25 April – 1pm

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Making Tax Digital – information required by Agents to sign up a client

HMRC has provided further details on business information which is requested during an agent led sign up to Making Tax Digital. Please click here to view a flowchart that shows the information requested when an agent signs up a business, which varies slightly depending on the entity type.  

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HMRC trials payroll changes to earlier year updates

In a bid to improve payroll reporting, HMRC is running a trial aimed at simplifying the process for reporting corrections by extending the use of the real time information (RTI) full payment submission (FPS). Employers can continue to report revised year to date payroll data after the current deadline of 19 April, following the end of the tax year, making

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Taxpayers fight back as number of tax tribunals surges

Disputes between HMRC and taxpayers are increasing as the tax authority makes greater use of data collected from banks and foreign tax authorities, and more cases head to tax tribunals. The number of cases heard in the First Tier Tax (FTT) tribunal jumped by 43% over the last two years, according to figures obtained by accountancy firm Price Bailey. There

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IR35 changes: preparation starts here

HMRC has issued advice on how firms and individuals can best prepare for changes to the off-payroll working rules (IR35), which are set to come into force next year. From 6 April 2020, the rules for engaging individuals through personal service companies (PSCs) will change. The responsibility for determining whether the off-payroll working rules apply will move to the organisation

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HMRC annual money laundering supervision fee rises by 130%

HMRC is increasing its anti-money laundering supervision fees from 1 May to fund enhancements to the service. The £130 fee to register a premise is increasing to £300, as well as the annual renewal fee. The £100 fee for a fit and proper test is also increasing and from 1 May will cost £150. When an individual or company registers

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HMRC extends deadline for customs training funding

HMRC has extended the deadline for applications for an £8 million government initiative to help businesses prepare for EU exit to 31 May 2019. This will enable more businesses to benefit from the investment available and provide more time for applications, the Revenue said. The funding will support customs intermediaries and traders completing customs declarations, and can be used to

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HMRC Agent Update – Issue 71

HMRC’s Agent Update 71 is available now and contains a variety of articles and updates. The latest issue features articles including: Apprenticeship levy funds transfer limit to increase in April 2019: From April, the amount of funds that levy-paying employers can transfer to other employers to support apprenticeships will increase from 10% to 25%. Extension of Non-resident Capital Gains Tax on

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Taxman accused of ‘bullying’ small debtors

HMRC has been accused of bullying by encouraging those who owe tax to pay off their debts more quickly than necessary. Officials are failing to mention the minimum amount the taxman would be able to accept to set up instalment plans for outstanding bills when people in arrears call to settle their debts. Instead, they suggest sums that may be

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