Talking Points for the next 4 weeks

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

"HMRC's regular Talking Points provides ongoing information, guidance and tips to help you to understand tax issues. 

We have more Talking Points webinars coming up. There are a limited number of spaces, so save your place now.

Submission of SA returns affected by exclusions

This webinar will discuss 2017-18 SA return online submission issues and resulting exclusions. We will explain the process for filing online and allowing paper tax return submissions after the 31st October deadline.

Tu‌esd‌ay 2‌7 No‌ve‌mb‌er – 1‌1a‌m to midday

Statutory Reviews in HMRC – Your chance to get a second opinion on a decision issued by HMRC

This webinar covers what a review is, what happens in the review process and what outcomes you can expect to get.

F‌ri‌da‌y 3‌0 No‌ve‌mb‌er – midday to 1p‌m

Making Tax Digital (MTD) for Business part 1 – an introduction to MTD for VAT

From A‌pr‌il 2‌01‌9, VAT registered entities with a taxable turnover above the VAT registration threshold must keep VAT records digitally and file their VAT returns using MTD compatible software. If you are new to MTD, this session is a great place to start. We will recap the information covered in previous sessions on record keeping, using software, joining the pilot and getting a new agent services account.

If you have more complex questions about MTD for VAT or the agent services account you should sign up for our next session – Making Tax Digital for Business part 2.

Tu‌esd‌ay 4 De‌ce‌mb‌er – 1‌0a‌m to 1‌1a‌m

We‌dn‌esd‌ay 5 De‌ce‌mb‌er – 2.3‌0p‌m to 3.3‌0p‌m

Making Tax Digital (MTD) for Business part 2 – more information on MTD for VAT and the agent services account

A session for anyone familiar with the basics of MTD for VAT and the agent services account. This session follows on from Making Tax Digital for Business part 1. It will go into more detail on record keeping, using software, joining the pilot and getting a new agent services account. If you are new to MTD, you may want to listen to part 1 first. You can read more about MTD on GOV.UK.

Tu‌esd‌ay 4 De‌ce‌mb‌er – 1p‌m to 2p‌m                 

Tu‌esd‌ay 4 De‌ce‌mb‌er – 3p‌m to 4p‌m                 

We‌dn‌esd‌ay 5 De‌ce‌mb‌er – 4p‌m to 5p‌m            

How to show self-employed business expenses on your tax return

This digital webinar has been designed to provide guidance on what is and isn’t classed as an allowable business expense and will include, motoring and premises costs. HMRC subject matter experts will be online during the meeting to take your questions.

Thu‌rsd‌ay 6 De‌ce‌mb‌er – midday to 1p‌m         

Cryptoassets (also known as cryptocurrencies) and HMRC

Cryptoassets (of which bitcoin is the most well-known) continue to evolve and capture the public attention. Due to increased demand and the postponement of the previous Cryptoassets webinar, we are running two sessions to accommodate more agents and the availability of our technical experts. This webinar will cover:

  • an overview of cryptoassets
  • points on the taxation of cryptoassets
  • the view of cryptoassets from a HMRC perspective and consideration of how the current tax rules apply.

Subject matter experts will be online with us to take some questions.

F‌ri‌da‌y 7 De‌ce‌mb‌er – 1‌1a‌m to 1‌2.1‌5p‌m 

F‌ri‌da‌y 7 De‌ce‌mb‌er – 2p‌m to 3.1‌5p‌m     

Income from property for individual landlords – changes introduced by Finance Act 2, 2017

A comprehensive look at two measures introduced by Finance Act 2, 2017:-

  • the cash basis for property businesses. (From the 2017-18 tax year, the cash basis will be the default basis for most property businesses that are run by individuals.)
  • the property allowance tax exemption of up to £1,000 a year for individuals with income from land or property.

We‌dn‌esd‌ay 1‌2 De‌ce‌mb‌er – 1‌1a‌m to 1‌2.1‌5p‌m 

Stamp Duty Land Tax – advice about recent budget changes

This session will summarise and explain recent changes to Stamp Duty Land Tax as announced in the recent Budget.

We‌dn‌esd‌ay 1‌2 De‌ce‌mb‌er – 2p‌m to 3p‌m

Addressing non-compliance with the off-payroll working rules in the private sector – next steps

The government will introduce reform to increase compliance with the off-payroll working rules (commonly known as IR35) in the private sector. This webinar will:

  • provide an overview of the off-payroll working rules and the background to this reform
  • an overview of the education and support that HMRC is developing to help customers and tax advisers implement these changes
  • outline the timeline towards April 2020.

Th‌ur‌sd‌ay 1‌3 De‌ce‌mb‌er – midday to 1p‌m  

An overview of the Agent Account Manager service

This Talking Points webinar will provide an overview of the Agent Account Manager service, including joining instructions, the service you can expect and feedback from existing users of the service.

Tu‌esd‌ay 1‌8 De‌ce‌mb‌er – midday to 1p‌m

Income from property for individual landlords – common themes in relation to deductions and reliefs

This webinar will be concentrating on 3 areas that generate regular contact with HMRC:

  • restricting finance cost relief for individual landlords
  • replacement of domestic items relief
  • overview of what needs to be considered when deciding whether the cost of ‘repairs’ is allowable as a deduction.

We‌dn‌esd‌ay 1‌9‌ De‌ce‌mb‌er – 1‌1a‌m to 1‌2.1‌5p‌m

We‌dn‌esd‌ay 1‌9‌ De‌ce‌mb‌er – 2p‌m to 3.1‌5p‌m 

If you have any questions for our subject experts, please send them to team.agentengagement [at] hmrc.gsi.gov.uk prior to the meeting, including the title of the meeting in the ‘Subject’ line of your email.

These interactive meetings will be run on the ‘GoToWebinar’ platform. The organiser will run through how to ask questions on the day.

Feedback received from a recent Talking Points meetings indicates that many agents would recommend them to colleagues.

If you have missed any of our earlier Talking Points meetings, you can watch the recordings here."

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