Newsdesk

HMRC have published their latest Agent Update. A PDF copy is also attached below.

The pre-election period has commenced from midnight on Friday 21 April and will continue until the general election on 8 June.

During this time HMRC can only communicate essential information and some of the Talking Points meetings have had to be changed. HMRC are sorry for the inconvenience and will keep us updated.

There are a limited number of meetings, so save your place now. You will have the chance to ask your questions during the meeting.

HMRC have provided a note for Agents on obtaining clients pay, tax and employment history information.

HMRC have confirmed that their April 2017 Trust and Estates Newsletter will include for 2017-18 an extension of the 2016-17 concession whereby HMRC will not require notification from trustees or personal representatives dealing with estates in administration where the only source of income is savings interest and the tax liability is below £100.

The Tax Tribunals for Scotland have provided the attached bulletin for information purposes.

Following discussions with HMRC, we have provided the attached guidance for members in connection with letters that they may have received recently from HMRC about the serial tax avoidance legislation in Finance Act 2016 Schedule 18.

A revised version of Professional Conduct in Relation to Taxation comes into effect on 1 March 2017. All members were notified of these changes on 1 November 2016, and are particularly important as these new guidelines state that members “must not create, encourage or promote tax planning arrangements or structures that (i) set out to achieve results that are contrary to the clear intention of Parliament in enacting relevant legislation, and/or (ii) are highly artificial or highly contrived and seek to exploit shortcomings within the relevant legislation.”

Members will be aware that there will be changes to the VAT Flat Rate Scheme (FRS) coming into effect on 1 April 2017.  We have received the following information concerning those changes.

HMRC have published their latest Agent Update. A PDF copy is also attached below.

The President of the Scottish Tax Tribunals has issued the attached information note about forthcoming changes to the Scottish Tax Tribunals.