HMRC’s VAT online service for agents to be decommissioned
[ad_1] Agents should use their agent services account to manage the VAT affairs of all clients going forward. HMRC has announced that it will phase out the remaining functionality from its legacy VAT services. From 16 April 2024, agents will no longer be able to use HMRC’s online service for agents to: submit a VAT […]
HMRC challenges UK VAT status of online traders
[ad_1] HMRC will contact businesses believed to be non-established taxable persons (NETPs) for VAT purposes. The business will then have 30 days to challenge HMRC’s decision. HMRC will send a one-to-many letter from late January 2024 to businesses that it believes are NETPs for UK VAT purposes. The letter was first mentioned in Agent Update 112. […]
HMRC nudges online traders | ICAEW
[ad_1] Letters sent this month remind businesses to recognise sales for VAT and corporation tax purposes before the deduction of payment processor fees. Three letters are being sent to different business populations this month, from HMRC’s Large Business, Mid-Sized Business and Intelligence, and Surveillance and Border Control (ISBC) departments. All letters contain the same key message. […]
HMRC doubles down on redirecting callers to online services
[ad_1] HMRC has announced that in the run up to the self assessment filing deadline, it will be redirecting callers to online services. The agent dedicated (ADL) line is also affected and will not handle PAYE queries. HMRC has announced that from 11 December 2023 to 31 January 2024, self assessment (SA) “queries that can […]
Check what your tax code means with HMRC’s online tool
[ad_1] HMRC has released a new online tool to help taxpayers understand what their tax code means. Tax codes are used by HMRC to tell an employer how much income tax to withhold through the PAYE system. A person’s tax code may change based on their personal circumstances. If it does, HMRC will inform the […]
P11Ds: filing online when a different agent is authorised
[ad_1] Many employers will outsource their payroll to one agent but use another for P11D reporting. As HMRC systems do not have the functionality to recognise multiple agents for the same head of duty (eg, employers’ PAYE), concerns have been raised about how agents in this situation can submit P11Ds online for clients. ICAEW’s Tax […]
PSAs – more details about new online service
[ad_1] HMRC has provided an update about its online service to apply for, amend or cancel a PAYE settlement agreement. HMRC launched a new service for employers and their agents to apply for a PAYE settlement agreement (PSA) from 6 April 2023. The project was very fast-moving for many reasons, including a go-live date in line […]
PSAs – new online service for employers
[ad_1] HMRC launches new online service to apply for, amend or cancel a PAYE settlement agreement. A new online service is available from HMRC for employers and their agents to apply for a PAYE settlement agreement (PSA). Employers and agents can also use the online service to amend or cancel an existing PSA. This new […]
P11Ds and P11D(b)s submitted online from 6 April 2023
[ad_1] Employers (except for the digitally excluded) will be required to submit and amend forms P11D and P11D(b) online only. Paper original and amendment forms P11D and P11D(b) will be rejected. Form P11D is used by employers to make an annual report of taxable expenses or benefits provided to employees, where the amounts were not […]
Make time to pay arrangements online and avoid calling HMRC
[ad_1] Taxpayers that cannot pay their tax bill on time can set up a time to pay arrangement with HMRC. ICAEW’s Tax Faculty highlights the circumstances when this can be done online for self assessment and PAYE. Setting up a time to pay arrangement online for self assessment (SA) has been possible for several years. […]