HMRC have released their latest monthly bulletin in the form of the Agent Update 99.This is primarily for agents and developers and includes developments and changes to legislation and allowances relating to UK tax but can hold further valuable information or payrollers.This latest update includes the following:
Tax
- Update on UK implementation of global tax reform
- Tax avoidance — don’t get caught out
- Banks not accepting payable orders
- Correction to ‘Tell HMRC about a new employee’ — in Agent Update 96
- New approach to VAT compliance for overseas based traders using online marketplaces
- Capital Gains Tax (CGT) on UK Property Account guidance
Tax Digital
- Agent Services Account (ASA) — granular permissions
- Making Tax Digital for Income Tax — expanding the customer pilot
- Making Tax Digital for VAT — make sure your clients are signed up and have the right software
