Technical

Newsdesk

SA penalty notices – what to do HMRC are about to start issuing penalty notices for late filed SA Tax Returns due on 31 January. Two key facts are: 1. HMRC may be able to cancel the return and penalty if the taxpayer calls them and establishes that they should not have been in SA. 2. Appeals can be made up to 31 March even if issued before the end of February. The latest alert from HMRC is copied below. 17 February 2012
HMRC PAYE update 102 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers basic PAYE tools and advice for large businesses. 17 February 2012
Entrepreneurs' Relief (ER) HMRC have agreed that the answers to some of the technical questions on the operation of ER raised with HMRC via the CGT Liaison Group (an HMRC forum) may be published. HMRC expect to incorporate the content of the answers into the HMRC CG manual. Further answers to outstanding technical questions will be posted here as they become available. 13 February 2012
Capital losses - Mansworth v Jelley: cases under enquiry HMRC have today issued a letter to taxpayers with cases under enquiry where capital losses have been claimed on the disposal of shares acquired on the exercise of an employee share option before 10 April 2003. The letter is posted here and asks for a response within 40 days of the letter date. 13 February 2012
HMRC PAYE update 101 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers RTI: P45, webinars and HMRC on YouTube. 10 February 2012
Capital losses - Mansworth v Jelley: cases under enquiry HMRC have today issued a letter to taxpayers with cases under enquiry where capital losses have been claimed on the disposal of shares acquired on the exercise of an employee share option before 10 April 2003. The letter is posted here and asks for a response within 40 days of the letter date. 10 February 2012
HMRC PAYE update 100 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers the Real Time Information (RTI) pilot, taking on new members of staff and the introduction of a Contractual Disclosure Facility. 6 February 2012
General Anti-Avoidance Rule - CIOT and ATT comments The CIOT and ATT comments, sent to HMRC on 27 January 2012, regarding the proposals for a General Anti-Avoidance Rule (GAAR) as set out in 'The Aaronson Report'. It represents the combined views of the CIOT and ATT; it has also had input from LITRG. 30 January 2012
HMRC PAYE update 99 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers penalties. 27 January 2012
HMRC relax penalties for late returns and interest on payments - by 2 days HMRC have just announced that due to potential problems around strikes on 31 January, they have decided not to charge a penalty for online SA filers who file on 1 or 2 February. The enquiry window is not extended for people filing online on 1 or 2 February. No interest will be charged on payments due on 31 January if taxpayers pay on 1 or 2 February. 27 January 2012
Cost Displacement - CIOT/ATT/LITRG comments The CIOT, ATT and LITRG comments, sent to the Treasury Committee on 26 January 2012, regarding 'cost displacement' from the Committee's report on the 'Administration and Effectiveness of HMRC'. 26 January 2012
HMRC PAYE update 98 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers tax code change, PAYE payment, coding notices 2011-12 and receiving P9 and P6 forms electronically. 24 January 2012
HMRC PAYE update 97 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers collecting small debts through PAYE. 13 January 2012
iXBRL – problems with HMRC package Several members have recently reported to the ATT various problems with viewing and printing accounts in HMRC’s free iXBRL online filing product. We have raised these issues with HMRC who have informed us that a new version of the product will be available for download from 7am tomorrow, Tuesday 10 January 2012, which should resolve the issues. 9 January 2012
HMRC PAYE update 96 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers the Faster Payments Service, RTI and employing staff during the Olympics. 6 January 2012
Coding out small debts - letters issued HMRC have issued a further Briefing Note in connection with the new regulations permitting the collection through the PAYE code of underpayments up to £2,999. The full text of this Briefing Note can be read here. In addition, HMRC have advised that payments can now be made to HMRC using the Faster Payments Service. Further information in this connection can be found on the HMRC website under “Faster Payments”. 23 December 2011
HMRC to review Business Records Check project Following lengthy discussions with HMRC and the other representative bodies on Business Records Checks the ATT is pleased to report that HMRC have notified the representative bodies that HMRC are to carry out a review of the project. 22 December 2011
HMRC Customer Service: A progress report In July the House of Commons Treasury Select Committee issued a highly critical report into customer experience of dealing with HMRC. In response to the report the ATT together with the other main Professional Bodies offered to work with HMRC in an attempt to improve services to all taxpayers. HMRC have embraced this and since then we have been working with them on a number of initiatives. A joint press release was issued on 19 December 2011 regarding progress to date. 22 December 2011
HMRC PAYE update 95 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers Statutory Payment rates, the Small Employer's Compensation Rate, Percentage Threshold Scheme for 2012-13, 2011/12 PAYE Payment Booklet, RTI and the abolition of contracting-out on a Defined Contribution basis. 16 December 2011
Press Release: New ATT President poses the question: Time for an all-regulated profession? 13 December 2011
Agent Update 27 Agent Update 27, December 2011 - January 2012, has been published. This is available to download here in PDF format. 7 December 2011
Press Release: Tax Agent Strategy Consultation: HMRC moving in right direction 6 December 2011
HMRC PAYE update 93 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers advisory fuel rates, receiving P9 and P6 forms electronically, the RTI pilot and the Autumn Statement. 2 December 2011
Press Release: Higher apprenticeship in tax gets go-ahead 2 December 2011
European Commission's proposals for an Audit Directive and Regulations The European Commission has published its controversial proposals for an Audit Directive and Regulations, details of which are available here. 1 December 2011
Briefing Note - Guidance on UK/Swiss deal The CIOT and ATT have prepared a briefing note on some of the Professional Standards issues which arise out of the UK/Swiss Tax Deal. 1 December 2011
Tax Transparency for Individuals - Public consulatation The ATT invites comments on HMRC's discussion document 'Modernising the administration of the personal tax system: Tax Transparency for Individuals’ which seeks feedback and ideas for how the administration of the personal tax system could be improved to achieve better understanding and make it easier for taxpayers to deal with. The consultation together with the accompanying press notice is attached. 29 November 2011
HMRC PAYE update (SA 252) HMRC have provided a special midweek update on PAYE related matters for sharing. The update covers the issue of SA 252. 25 November 2011
Pension Schemes Newsletter 50 The latest version of the Pension Schemes newsletter is available here. 25 November 2011
HMRC PAYE update 90 HMRC have provided a special midweek update on PAYE related matters for sharing. The update covers Real Time Information (RTI). 15 November 2011
HMRC PAYE update 89 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers P11D(b) Return of Class 1A National Insurance Contributions 11 November 2011
Increasing the limit for coding underpayments to £3,000 HMRC have issued a short briefing note with information for self assessed taxpayers or agents acting on their behalf about the increased limit for coding underpayments. This briefing note is reproduced here. 10 November 2011
HMRC PAYE update 88 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers Real Time Information (RTI) and improving data quality. 4 November 2011
HMRC PAYE update 87 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers PAYE Pooling and possible changes to the PAYE system. 28 October 2011
Andrew Meeson 27 October 2011
Agent Update 26 Agent Update 26, October - November 2011, has been published. This is available to download here in PDF format. 26 October 2011
HMRC PAYE Update 85 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers omissions from 'Regional Employer NICs Holiday' letters. 14 October 2011
P2s available online and SA Autocoding When HMRC decided to cease sending copy Notices of Coding to agents they promised to make these available on-line for SA taxpayers. This required an update to the HMRC system which has been carried out and full details of the new service can be found in the HMRC announcement here. 12 October 2011
HMRC PAYE update 84 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers the availability of HMRC online services and information on SA Autocoding. 7 October 2011
HMRC PAYE update 83 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers information on the final phase to replace National Insurance number cards with a letter. 30 September 2011
HMRC PAYE update 82 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers outstanding P35 and P14 penalties and a new PAYE Recognition Scheme for Commerical Payroll Software. 23 September 2011
Onling filing for VAT purposes HMRC have issued a statement concerning the increased use of online filing for VAT purposes. This is reproduced here. 19 September 2011
Press Release: Tax bodies make second round of comments ahead of Agent Strategy consultation deadline 16 September 2011
Tax bodies meeting with HMRC The tax professional bodies and tax charities met last week with HMRC to discuss actions following the recent Treasury Committee report on ‘Administration & Effectiveness of HMRC. An agreed joint statement is attached. 14 September 2011
HMRC PAYE update 80 HMRC have provided a further informal update on PAYE related matters for sharing. The update covers changse to the minimum wage and the Countdown bulletin. 14 September 2011
Agent Update 25 Agent Update 25, August - September 2011, has been published. This is available to download here in PDF format. 31 August 2011
VAT Online - HMRC Press Release HMRC have issued recently a Consultation Document concerning a proposal to increase the use of online facilities for filing of forms for VAT including registration forms. However, HMRC have also issued a Press Release to confirm that the existing exemption from online filing for businesses run exclusively by people who are practising members of a particular religious group will continue. 22 August 2011
Signatures on form P11D(b) HMRC has issued a statement regarding who should sign form P11D(b) following concerns raised about forms being returned by HMRC where the agent has signed the form, or a ‘stamped’ signature has been used. 15 August 2011
HMRC PAYE update (SA and P11D) HMRC have provided the ATT with some up to date information concerning the issue of the remaining statements of account in respect of payments due by 31st July as well as further news concerning the issue of forms SA252 and P810 as well as the end of year reconciliations and the processing of forms P11D. The text of the message can be found here 10 August 2011
Press Release: Tax Agent Strategy: Tax professionals back self-serve but only with adequate safeguards first 10 August 2011
HMRC PAYE update 75 HMRC have provided a further informal update on PAYE related matters for sharing. The update includes end of year reconciliations and P11D processing. 5 August 2011
HMRC PAYE update 74 HMRC have provided a further informal update on PAYE related matters for sharing. The update includes reviewing PAYE payments and students. 28 July 2011
HMRC PAYE update 73 HMRC have provided a further informal update on PAYE related matters for sharing. The update includes SA autocoding and collecting small debts through PAYE. 26 July 2011
July Self Assessment Statements HMRC have recently issued an alert explaining that they will not be able to issue paper self assessment tax statements to all customers during the normal July period. They will be sending out the remaining statements soon and people will have 30 days from receipt of the statement to pay. 25 July 2011
May 2011 examination results now available We are pleased to announce that candidates achieved a pass in 72% of the papers that were sat and 91 distinctions were awarded for exceptional performance. 19 July 2011
HMRC Update July 2011 19 July 2011
Tax Agent Strategy consultation - HMRC events HMRC have provided the ATT with some details of events that HMRC are running during the final phase the Tax Agent Strategy consultation. Although places are limited, HMRC have indicated their desire to reach as many agents as possible with these face to face events to support the consultation 15 July 2011
HMRC PAYE update 72 HMRC have provided a further informal update on PAYE related matters for sharing. The update includes NICs. 15 July 2011
HMRC PAYE update 71 HMRC have provided a further informal update on PAYE related matters for sharing. The update includes penalties and payments in connection with employment related securities. 11 July 2011
Agent Update 24 Agent Update 24, June - July 2011, has been published. This is available to download here in PDF format. 8 July 2011
HMRC PAYE update 70 HMRC have provided a further informal update on PAYE related matters for sharing. The update includes code number updates and RTI. 1 July 2011
HMRC PAYE special interim update 30 June 2011
HMRC breathing down the neck of small businesses, warn tax technicians 27 June 2011
HMRC PAYE update 69 HMRC have provided a special midweek update on PAYE related matters for sharing. The update covers P11Ds, NI cards, and the abolition of contracting-out on a Defined Contribution basis. 24 June 2011
HMRC PAYE Update 67 HMRC have provided a further informal update on PAYE related matters for sharing. The update includes P11D and P11D(b) and reducing errors. 10 June 2011
Webinar on HMRC's tax agent strategy Details on how to access the joint CIOT/ATT Webinar on HMRC's tax agent strategy 7 June 2011
Press Release: Independent oversight crucial for tax agent registration system 31 May 2011
HMRC Update - Toolkits and AAM 27 May 2011
HMRC PAYE update 65 This update includes the abolition of contracting-out on a Defined Contribution basis. 27 May 2011
Important information for the ATT Exams from 2012 From the May 2012 exam e-assessments will replace the paper on 'Practice, Administration and Ethics'. In addition some of the papers have been renamed and renumbered. 24 May 2011
HMRC PAYE update 64 The update includes P11D and P11D(b) and PAYE EOY deadline. 23 May 2011
HMRC PAYE Update 63 This update includes the end-of-year PAYE deadline, expenses and benefits, PAYE tools, and an RTI update. 13 May 2011
HMRC PAYE Update 62 This update includes Employer Annual Return, change of procedures, P11Ds and a change of address. 6 May 2011
Agent Update 23 28 April 2011
HMRC PAYE update 60 This update includes Employer Annual Returns, RTI, information needed for employer registration and regional employer NICs Holiday update. 21 April 2011
Employee Benefit trusts - HMRC update 20 April 2011
Working Together - CT Online error code 1606 19 April 2011
Agreeing to a Business Records Checks pilot visit 18 April 2011
HMRC PAYE update 59 This update includes guidance on completing P11Ds, car fuel benefit, online in-year filing and end-of-year filing. 15 April 2011
New Self Assessment penalties for late filing and late payment 14 April 2011
HMRC Weekly PAYE Update 58 HMRC have provided a further informal update on PAYE related matters for sharing. The update includes further information on a PAYE alert of key upcoming changes, updated guidance on HMRC’s website, HMRC’s use of Twitter, 2010-11 P11Ds and pay-rolled benefits and expenses, and HMRC’s PAYE underpayment tolerance for 2010-11. 8 April 2011
Professional Rules and Practice Guidelines updated 2 April 2011
HMRC PAYE Update 57 This update includes State Pensions and underpayments of tax, annual coding, Tax and NICs calculators, and Employer provided company cars. 1 April 2011
HMRC PAYE Update 56 This update includes information on the planned downtime for HMRC system enhancements, PAYE Employer work in Newcastle, withdrawal of NI number cards and the basic PAYE tools. 28 March 2011
VAT Registration Delays 25 March 2011
HMRC PAYE Update 55 This update includes P9 coding notices and P35s and P14s. 25 March 2011
HMRC Online Services 22 March 2011
HMRC PAYE Update 54 This update covers P9s, basic PAYE tools and the issuing of penalty notices. 11 March 2011
The Plumbers Tax Safe Plan 9 March 2011
HMRC PAYE Update 53 This update includes an annual coding message for employers, Employer annual mailing and Orderline and Basic PAYE tools. 4 March 2011
HMRC launches Managing Deliberate Defaulters programme 2 March 2011
HMRC PAYE Update 52 This update includes P11D issues and reducing errors on NICs and Statutory Payments. 25 February 2011
Managing Deliberate Defaulters 22 February 2011
HMRC PAYE Update 51 This update includes NICs and Employer information obligations (Pensions). 18 February 2011
HMRC PAYE Update 50 This update covers P9s, SA Autocoding, and NI and NPS interface. 10 February 2011
HMRC ADR Project 8 February 2011
HMRC PAYE Update 49 This update includes an annual coding update, changes to Employer mailing and Orderline, and regional Employer NICs Holiday. 8 February 2011
iXBRL letter to Gauke 1 February 2011
HMRC PAYE Update 47 This update includes an annual coding update, P11Ds and late filing penalties. 21 January 2011
November 2010 Examination Results 18 January 2011
HMRC PAYE Update 46 The update covers annual codings, end of year reconciliations, state pension cases, statutory payments, percentage threshold scheme for SSP and paying tax at the fifty percent rate in 2010/11. 14 January 2011
Paying tax at the 50% rate in 2010-11 4 January 2011
Professional bodies update guidance for tax advisers 4 January 2011
HMRC PAYE Update 44 This update covers the fifty per cent rate. 4 January 2011