News

The Association of Taxation Technicians (ATT) welcomes the announcement today by HMRC, that it is making a significant relaxation to the Real Time Information (RTI) PAYE reporting requirements for small employers for a limited period.

HMRC have sent us the following information, explaining how they consider employers or agents can best try to resolve queries on RTI from 6 April.

HMRC update starts here:

Before 1st October 2012 many smaller self storage operators were unable to reclaim input tax incurred on capital costs. They were unable to do this because their self storage fees were exempt from VAT and the relevant input tax exceeded the

HMRC have announced that elections to stop receiving Child Benefit (CB) must be made before Thursday 28 March 2013, if the individual wants to prevent a higher income child benefit charge being assessed on the person with the higher income.

HMRC have provided a further informal update on PAYE related matters for sharing. The update covers guidance for employers on how to prepare for RTI with just one month until it is introduced.

Agent Update 34, February - March 2013, has been published. This is available to download here in PDF format.

As a result of the major change by HMRC to the PAYE system from April 2013, known as Real Time Information (RTI), the main tax and accounting bodies have issued updated guidance on letters of engagement for tax practitioners.

Following extensive consultations the LSB has finalised its recommendations to the Lord Chancellor regarding the proposed regulation of the will writing and estate administration market and continued regulation of probate work.

The organisation representing UK tax compliance specialists has warned that a proposed government cap on income tax reliefs will distort decisions on how businesses should be structured and lead to more decisions being taken for tax rather than