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Deferring 31 July 2020 payments on account

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.

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HMRC's performance measures

HMRC's performance targets are set out in their single departmental plan, updated on 1 October 2019. These include a number of customer-orientated measures such as call handling times and post turnaround. These measures are reported by HMRC on a monthly and quarterly basis.

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AML Webinar and FAQ June 2020

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

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Self-employment Income Support Scheme (SEISS) – CIOT and ATT webinar – 9:45am Tuesday 7 July 2020

On 29 May 2020, the Chancellor announced that the SEISS would be extended with eligible businesses able to claim a second and final payment in August. The payment will be worth 70% of their average monthly trading profits, paid out in a single instalment and capped at £6,570 in total. He also announced that claims for the first payment could continue until 13 July 2020.

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Job Retention Scheme applications for employees with no National Insurance Number or a temporary National Insurance Number

HMRC has provided us with the following information when making claims under the Job Retention Scheme which include individuals where no National Insurance Number (NINO) is held or the employee has a temporary National Insurance Number.

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DAC 6 deferral of reporting deadlines - message from HMRC

Please see below an important message received from HMRC on 25 June 2020 regarding deferral of DAC6 reporting deadlines:

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HMRC: Self Employed – Making sure Class 2 National Insurance is included in Self-Assessment calculations

Ever since the collection of Class 2 National Insurance Contributions (NICs) changed from a separate, regular payment system to being part of the self-assessment tax return in July 2015, agents and their clients have experienced a number of calculation and payment issues.

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Tax Credit Renewals

HMRC have provided us with the following update on Tax Credit Renewals.

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Corporation tax quarterly instalment payments

HMRC has reviewed and updated its guidance at CTM92650. This guidance covers early repayments of corporation tax quarterly instalment payments in response to receipt of a number of claims and requests from taxpayers, agents and professional bodies. 

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Practice Statement on Alternative Dispute Resolution (ADR) in Tax Disputes

The First-tier Tribunal published a practice statement on 15 June 2020 which sets out the Tribunal’s practice in appeals against HMRC decisions where the parties wish to engage in ADR after an appeal has been made to the Tribunal. 

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