Technical News

 


We recently contacted HMRC for advice about RTC disclosures for IHT purposes following a query raised with us by a volunteer.  The advice that was provided by HMRC is potentially useful for any member making a disclosure involving IHT, so HMRC have agreed that we can share it with our members.

HMRC have asked us to draw attention to their following notice about Special Edition Talking Points meetings on Self Assessment

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

HMRC have asked us to draw attention to their following notice about forthcoming Talking Points meetings.

On 1 November we passed on a communication from HMRC that changes to the Government Gateway Platform would not be taking place over the weekend of 3rd and 4th November, but would take place on 17th & 18th November.

Businesses whose taxable turnover exceeds the VAT registration threshold will need to keep their records digitally, using MTD functional compatible software, and create the VAT return from that (or a combination of) software, for return periods starting on or after 1 April 2019, unless the mandation deferral period of 6 months applies. For the minority of businesses to which deferral applies, the MTD for VAT obligations commence for return periods starting on or after 1 October 2019.

HMRC have asked us to draw attention to their following notice about forthcoming Talking Points meetings.

To assist members in preparing for the impact of leaving the EU and to better understand the issues arising, we have collated a wide variety of information relating to the impact of Brexit on Indirect Taxes.

This session focussed on how to get ready for MTD for VAT, looking at the more recent developments around the timetable, record-keeping requirements, the pilots, and the Agent Services Account.

During the week commencing 5 November 2018, HMRC started to send out their first wave of what they are calling “encouragement letters” to businesses within the scope of MTD for VAT. The letters are being sent to businesses which are currently eligible to join the pilot. They are not being copied to the businesses’ agents.