Technical News

 


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.

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

Thank you to all those who completed the survey or passed on the details. The survey findings were presented to HMRC.

HMRC had previously planned to make a number of changes to the Government Gateway Platform over the weekend of 3rd and 4th November, which would mean many services (including Agent Services) were read-only for that weekend, with normal service resumed on 5th November.

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

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

HMRC has provided comments on the Q&As relating to mixed fund cleansing. 

HMRC have confirmed that from 19 November 2018 they will be reviewing and reworking up to 30,000 self-assessment returns for 2016-17 filed online where they consider that there is a risk that their tax calculator has incorrectly computed the individual’s tax liability.