UK to join Crypto-Asset Reporting Framework
[ad_1] The UK government has released a joint statement, along with 47 other countries, to implement new transparency and information sharing requirements in respect of crypto-asset platforms by 2027. The Crypto-Asset Reporting Framework (CARF) is an OECD transparency standard agreed by multiple jurisdictions in March 2023. The joint statement published on 10 November solidifies the […]
PAYE reporting for early payments of earnings at Christmas
[ad_1] It is common practice for employers to pay earnings earlier than the normal or contractual payday at Christmas. But what date should employers quote on their PAYE RTI full payment submission (FPS)? And when should they submit the FPS to HMRC? In its latest Employer Bulletin, HMRC reminds employers who pay employees early at […]
Help HMRC develop guidance for digital platform reporting
[ad_1] HMRC is seeking feedback on specific points to assist in the drafting of guidance on the rules as they apply to the UK. New rules from the OECD require digital platform operators (such as Air BnB and Uber) to report details of sellers using their sites to the tax authority where the platform is […]
Paper return for UK property CGT reporting download form
[ad_1] The capital gains tax on UK property (CGT PPD) return has been published on HMRC’s website. Those submitting paper returns can now download the form instead of having to request it from HMRC by phone. Taxpayers who have sold a UK residential property at a gain must submit a CGT PPD return within 60 […]
Prepare for changes to share scheme reporting in 2023
[ad_1] HMRC’s latest Employment Related Securities Bulletin highlights that the completion of more data fields will become mandatory from 6 April 2023. HMRC has provided advance notice of changes that it is making to the five employment-related securities (ERS) end of year return templates from 6 April 2023. This will allow employers time to prepare […]