Tax Administration and Maintenance Day

The government has today published a Tax Administration and Maintenance command paper outlining our progress towards building a trusted modern tax administration system and highlighting other updates related to reforming tax. Alongside the paper we have published documents that provide details on these reforms. We’ve highlighted the key announcements below. Summary of response documents Tax Administration Framework Review: Responses to the call for evidence on modernising the tax administration framework, covering the core legislation, processes and guidance that underpin obligations for HMRC, taxpayers, agents and third parties. The government is committed to incremental long-term reform to support effective tax administration…

Agent Update 90 has been published

    Welcome to today’s blog promoting the publication of Agent Update: issue 90. In the Technical Updates and Reminders section we continue to bring you important COVID-19 updates, including a summary of COVID 19 guidance published by HMRC, guidance on declaring Coronavirus support schemes overpayments on company tax returns and SA COVID support grants. Other topics included are VAT reverse charge, Changes to the VAT registration system, Working Tax Credits and reporting changes to working hours, 2022-2023  Annual Tax on Enveloped Dwellings,  and the announcement of Freeports tax sites. Some of the highlights in the HMRC Agent Services section…

Duty Deferment Accounts (DDA) for delayed declarations imported into Great Britain (GB) by Intermediaries/Agents

What is a DDA? Duty Deferment is the main payment method for customs and excise duty. It can also be used to pay import VAT. Having a duty deferment account lets you defer payments for customs duty, excise duty and import VAT. It also lets you make monthly payments to HMRC through Direct Debit, instead of paying for individual consignments immediately at import, or when released from a duty suspensive procedure such as customs warehousing or excise warehousing. If payments are above £20million this will need to be paid by CHAPS. When should I apply for a duty deferment account…

Agent Update 89 has been published

Welcome to today’s blog promoting the publication of Agent Update: issue 89. In the Technical Updates and Reminders section we continue to bring you important COVID-19 updates, including the Coronavirus Job Retention Scheme and guidance on declaring Coronavirus support schemes overpayments on company tax returns. Other topics included are Health and Social Care Levy, update to HMRC’s appeals processes, VAT reverse charge and Non-Resident Capital Gains (NRCG) Transparency Election and Partnership Returns. Some of the highlights in the HMRC Agent Services section include agent Talking Points, Alternative Dispute Resolution, changes to Post Office card account payments and viewing employers liabilities…

Agent Update 88 has been published

Welcome to today’s blog promoting the publication of Agent Update: issue 88. In the Technical Updates and Reminders section we continue to bring you important COVID-19 updates, including the Coronavirus Job Retention Scheme and Duty Deferment Accounts. Other topics included are VAT reverse charge, Making Tax Digital for VAT and Tax conditionality. Some of the highlights in the HMRC Agent Services section include Agent talking Points, Agent authorisations when firms reorganise and Tax disputes. We hope you find this edition informative and don’t forget the next Agent Update is scheduled for October 2021. Did you know that you can receive…