Technical News

 


This webinar is being run by HMRC senior operational staff and will provide an update on HMRC’s PDCF. This will include HMRC’s approach to tackling Transfer Pricing and Diverted Profits Tax risks, key aspects of the PDCF process, benefits of the facility and a general overview of how the facility has been operating so far.

The Tax Law Review Committee (TLRC) is currently undertaking a project looking at the operation of the First Tier Tax Tribunal (FTT).  

HMRC have set out in the article below the best way of providing feedback on their manuals.

The CIOT wrote to HMRC in respect of the correct accounting for bad debt relief for VAT payments on account businesses, where they had both part paid and part deferred the total VAT due in a VAT quarter during the VAT return deferral period of 20 March to 30 June 2020. 

HMRC's performance targets are set out in their single departmental plan, updated on 1 October 2019. These include a number of customer-orientated measures such as call handling times and post turnaround. These measures are reported by HMRC on a monthly and quarterly basis.

HMRC has provided us with an update in relation to its digital services.

The government has published further information on what the Northern Ireland Protocol means for moving goods into and out of Northern Ireland. At the heart of the guidance is the commitment to provide extensive support for businesses engaging in new processes. In particular, the government will establish a new Trader Support Service.

HMRC has published two documents to explain how it works with individuals and businesses that owe tax, including what they can do if customers are unable to pay the tax they owe, or refuse to pay it. 

HMRC have updated the Residence, Domicile and Remittance Basis Manual with a Q&A concerning international tax and coronavirus (COVID-19) at Annex D.