Technical News


This update provides information about the letters and the certificate of tax position, together with some guidance to help members decide the most appropriate way to respond if a client receives one of the letters from HMRC.

HMRC have reviewed a comprehensive article by ATT on all aspects of updating the TRS, including potential problems and how to overcome them. 

HMRC has published guidance today for the new postponed VAT accounting rules for imports into the UK from EU and non-EU countries. Taxpayers do not need to apply for the scheme.

On 8 July the Chancellor of the Exchequer Rishi Sunak announced the eat out to help out scheme. Further information on the scheme, including promotional material and how to register, can be found from this collections page on GOV.UK

For anyone following the Silver case on top slicing (and a very brief explanation follows below if you have not) you will be aware that the Chancellor’s March 2020 Budget brought some helpful changes.

HMRC have recently expanded the range of performance measures and management information they publish, including debt management, customs and customer experience metrics (see performance and management information) and the number of closed civil and criminal compliance checks, total prosecutions and criminal sentences and the outcomes of court decisions (see quarterly experimental compliance data).

We have received an update from HMRC in relation to the non-receipt of a HMRC letter advising the NRCL of their CT UTR.

HMRC has asked us to share the following message:

In response to the COVID-19 outbreak, HMRC announced that taxpayers could opt to defer their second self-assessment payment on account for the 2019/20 tax year if they are finding it difficult to make their second payment on account by the normal due date of 31 July 2020 due to the impact of coronavirus. HMRC will not charge interest or penalties on any amount of the deferred payment on account, provided it is paid on or before 31 January 2021.

The CIOT are pleased to provide access to a recent webinar arranged by Harrow and North London Branch.