Technical News

 


HMRC has today (23 October) confirmed that the in-year fix to the 2016/17 tax calculator has been successfully implemented to correct exclusions 48 to 56 and 58 to 59, which cover the majority of exclusion cases.  Software developers have also been notified. Over the next few weeks, HMRC will automate the amendment of both online and paper cases, where a return has been filed prior to the fix and shows the incorrect tax position. This amendment will include an SA302 tax calculation and a letter to the customer to advise them of the correction.

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

HMRC have published their latest Agent Update. A PDF copy is also attached below.

This guidance is for use by members when HMRC propose using a deed to settle a client’s tax enquiry rather than a more usual contractual arrangement.

HMRC have advised that the Trust Registration Service (TRS) went live for agents to access on 17 October.  HMRC have stated that a new Agent Services Account (ASA) will need to be set up in order for agents to be able to access the TRS. However the ASA system is not yet fully live, and we are currently working with HMRC to clarify exactly how agents should obtain an ASA.   We will provide an update once we have further information.

The text of HMRC’s statement to the Trusts and Estates Group is as follows: 

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

HMRC has issued guidance for users of its online trust registration service, launched in July 2017.  Although promised for October, agent access is not yet available.  We will update as matters develop.

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