Technical News

 


From 1 January 2021, goods moving between Great Britain and Northern Ireland will be subject to new declarations procedures. There are now fewer than 25 days to go until these new processes commence and businesses need to act now to continue to trade smoothly.

The following message has been issued by HMRC:

Notes on practical points and areas of uncertainty

The deadline for filing a corporation tax return is 12 months after the end of the accounting period it covers. Many companies have a 31 December accounting period end and 31 December 2020 is therefore the filing deadline for accounting periods ending on 31 December 2019.

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

We have received the following reply from HMRC in response to our letter raising the question whether partial relief would be available where the members of an LLP or the partners in a partnership consist of qualifying and non-qualifying house building companies following the Court of Appeal decision in Pollen Estate Trustee Co Ltd v HMRC

HMRC’s Wealthy External Forum have issued a briefing to forum members about One to Many educational letters being sent to taxpayers dealt with by HMRC Wealthy about the conditions and eligibility criteria for claiming Foreign Tax Credit Relief against employment income. 

HMRC’s Wealthy External Forum have issued a briefing to forum members about educational One to Many letters being sent to taxpayers dealt with by HMRC Wealthy who are likely to claim  Overseas Workdays Relief in 2019/20. 

HMRC have provided us with the following clarification about the payment reference under the 30 days reporting system.

This webinar focussed on the third SEISS grant and how to claim it prior to the claims process opening on Monday 30 November 2020.