HMRC is writing to more than 150,000 VAT-registered businesses where it doesn’t hold a valid email address, explaining what they need to do to continue paying their VAT by direct debit. ICAEW’s Tax Faculty explains that this relates to the transfer of VAT records to a new database.
Reminders on SEISS 4 grant claims and that loss carry-back claims can't be made until mid-July, as well as a coding error for service attributable pensions, more guidance on off-payroll working and extension to interim arrangement for trustees reliant on small savings.
Tax agents who file their clients’ VAT returns using HMRC’s online service may find that the functionality has moved from the older agent online service portal to the newer agent services account.
Agent Update: issue 83 Agent Updates give guidance and news to tax agents and advisers. In response to customer demand, from May 2021, Agent Update will be published on a monthly basis. This means the next edition will be published on 19 May 2021. If you’d like to be notified when a new edition of Agent Update is published, send your details to HMRC Published 14 April 2021
Tax news in brief Highlights from the broader tax news week ending 3 February, which includes: a restrained Scottish Budget in light of the coronavirus pandemic and HMRC publishes a Brexit edition of its Agent Update with guidance on postponed VAT accounting. Scottish Budget: ‘now is a time for stability’ The Scottish government announced its Budget on 28 January stating: “now is a time for stability, certainty and targeted support”. Income Tax rates were unc...
Agent Update: January 2021 Brexit edition Welcome to this Brexit edition of the Agent Update. You may notice a different look and feel to this edition, this is due to changes in the way the update is published to enable us to meet the requirements of the Public Sector Accessibility Regulations. If you would like to know when an edition of an Agent Update is published, sign up to receive email reminders. This month’s update will include: new rules: