Page 2 - Agent Update News Today

Highlights from the broader tax news for the week ending 21 June 2023, including: employer updates; income record viewer video; deadline to create agent services account for repayment claims and raising awareness of tax avoidance schemes.

From the 2023/24 tax year onwards, the self assessment (SA) threshold for taxpayers taxed through PAYE only, will rise to £150,000.

After Agent's poor performance at the box office, producer Anil Sunkara has issued a public apology on Twitter. Akhil Akkineni has headlined the project.

Highlights from the broader tax news for the week ending 22 February 2023

ICAEW’s Tax Faculty highlights key news and reminders for agents including: new option for identity verification; withdrawal of FBI2; crypto gains and losses; and voluntary class 2 national insurance contributions (NIC).

ICAEW’s Tax Faculty highlights key news and reminders for agents including: new option for identity verification; withdrawal of FBI2; crypto gains and losses; and voluntary class 2 national insurance contributions (NIC).

Advances of salary will be able to be reported via PAYE real time information (RTI) as part of regular earnings rather than when advances are paid.

ICAEW’s Tax Faculty highlights current issues and reminders for agents including: payments by card reader, voluntary class 2 NIC on 2020/21 tax returns and a new advance assurance online service.

ICAEW’s Tax Faculty highlights current issues and reminders for agents, including: residence and exceptional circumstances; unallocated payments on account; registering for plastic packaging tax; changes to MTD terminology for VAT; and reporting changes for a VAT-registered business.

HMRC has issued step-by-step guidance regarding new processes to allow agents to act on behalf of digitally-excluded clients in respect of capital gains tax (CGT) 60-day reporting.