HMRC have released the latest Agent Update – release 85. Although the update is aimed at tax agents and advisers with the purpose of providing them with the latest news it often holds useful information for all those in the payroll industry. The update includes developments and changes to legislation and allowances relating to UK tax and this release includes the following:
Coronavirus (COVID-19) articles giving information on:
- updated guidance
- Coronavirus Job Retention Scheme
- relaunch of Agent Dedicated Line and service developments
UK Transition:
- reminder of changes to the Merchandise in Baggage exports process from July 2021
- postponed VAT accounting – cash flow help for VAT registered importers
- help your clients identify customs authorisations
Tax:
- paying Class 1A National Insurance contributions on payrolled benefits in kind – Generic Notification Systems (GNS) message
- National Insurance holiday for the employers of veterans – update
- reporting Pay as you earn (PAYE) in real time
- extended loss carry back – claims information for companies
- VAT Reverse charge on construction and building services
- off-payroll working rules
- rates of Stamp Duty Land Tax for non-UK residents
- Making Tax Digital:
- digitising a customer’s P800 or PA302
- security update - extra login security step for some businesses and organisations
- Making Tax Digital for Income Tax Self Assessment
HMRC agent services:
Details of live consultations and links to responses, changes to HMRC service and guidance, including:
- feedback on our manuals
- plastic Packaging Tax: call for research participants
- Trust Registration Service (TRS)
- agent Talking Points
- Tax Administration Framework Review
- join like-minded subject matter expert businesses benefiting from the Peer Networks Programme
- paying HMRC
- support for customers who need extra help
- consultations
- tax agent toolkits
- contact
- manuals
- publication
The full release can be found here:
