Latest News

Festive fun?

Completing your tax return may not be top of your priorities on Christmas Day, but that didn’t stop 2,616 taxpayers from filing their self assessment returns on 25 December. For some taxpayers completing their return on Christmas Day is as traditional as spending time with family and friends, or waiting for the Boxing Day sales to start. The peak time

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Self Assessment deadline: less than one month to go

Around 5,542,000 taxpayers have less than a month to complete their Self Assessment tax returns before the 31 January 2019 deadline. More than 11.5 million 2017 to 2018 tax returns are due and HMRC expects the vast majority of taxpayers to complete their returns and pay any tax owed by the end of the month. About 52% of taxpayers have

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HMRC Agent Update – Issue 70

HMRC’s Agent Update 70 Self-Assessment Special is available now and contains a variety of articles and updates. HMRC have once again brought together the products they have designed especially for tax agents to help you prepare for the 31 January filing date. In this special edition you can read about the new videos to HMRC’s YouTube channel, and find out more

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Making Tax Digital – Update for Agents

HMRC have produced Issue 1 of their Making Tax Digital (MTD) Update for Agents. Included in the first edition are articles on: The pilot for MTD for VAT being open for Partnerships and users of the Flat Rate Scheme MTD letters being sent to businesses  Other MTD communications which have been produced including the Stakeholder Communications Pack and Agent Update

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Update from HMRC: Making Tax Digital VAT Service

Following successful completion of testing which has been taking place on the Making Tax Digital (MTD) VAT service, HMRC have announced partnerships are now able to voluntarily join the MTD VAT service and begin to test the service ahead of its introduction. HMRC have also updated their guidance to reflect the fact that Flat Rate Scheme users can now join

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HMRC Talking Points

HMRC’s regular Talking Points webinars provide information, guidance and tips to help you understand tax issues. Forthcoming ones include: Income from property for individual landlords – common themes in relation to deductions and reliefs: This webinar will be concentrating on 3 areas that generate regular contact with HMRC: restricting finance cost relief for individual landlords replacement of domestic items relief overview of what

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HMRC Employer Bulletin: December 2018

HMRC publishes the employer bulletin 6 times a year, giving employers and agents the latest information on topics and issues that may affect them. You can download and read the employer bulletin here: https://www.gov.uk/government/publications/employer-bulletin-december-2018. The employer bulletin is only available online. You can register for HMRC’s employer email alert service to receive emails from HMRC which tell you when the latest issue is

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HMRC Agent Update – Issue 69

HMRC’s Agent Update 69 is available now and contains a variety of articles and updates. The latest issue has information about the changes to the law for company directors and Self Assessment, and how to register with HMRC to use the online service to send your clients’ 2019-20 annual tax on enveloped dwellings return. It also includes guidance on the new entitlement to

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HMRC provide further information on the new Agent Services Account

HMRC have recently received a number of queries regarding the new Agent Services Account and the process for agents signing clients up to Making Tax Digital (MTD). HMRC are working on guidance products for agents, including an Agent Services Guide and Agents Checklist for MTD, which will be available early 2019. However, in the meantime they have provided some further information which can be viewed here: Agent Services

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