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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.