HMRC’s agent update | ICAEW

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). Agent Update 104 contains numerous updates for agents. Many have been shared in tax news, but the following should also be noted. HMRC identity […]

Revamp form P11D and surrounding processes, says ICAEW

ICAEW’s Tax Faculty has called on HMRC to improve form P11D, used to report benefits in kind, to simplify administration for HMRC, employers and employees. ICAEW’s Tax Faculty has suggested improvements to the employer annual return of employee expenses and benefits (form P11D) to HMRC, to make it easier for employers to complete. Making specific […]