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.
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 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 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.