HMRC’s Agent Update 123 for September 2024 covers a range of recent developments, including the following key points:
reminder of the updated additional information required alongside R&D claims under the April 2024 regime, noting that the additional information form is mandatory;
reminder of HMRC’s latest transfer pricing guidance, which HMRC say clarifies the search for an arm’s length price;
additional guidance on situations where HMRC will appoint a reporting company on behalf of a group for the purposes of the corporate interest restriction;
summary of basis period reform, with links to HMRC online guidance on calculating transition profit;
announcement of the new alcohol duty digital service to be launched in March 2025;
details of revised letters HMRC send out to taxpayers when taxpayers authorise an agent to act on their behalf via the Online Agent Authorisation Service, principally to clarify what the agent can do on behalf of their client after authorisation.
HMRC’s Agent Update 123 for September 2024 covers a range of recent developments, including the following key points:
reminder of the updated additional information required alongside R&D claims under the April 2024 regime, noting that the additional information form is mandatory;
reminder of HMRC’s latest transfer pricing guidance, which HMRC say clarifies the search for an arm’s length price;
additional guidance on situations where HMRC will appoint a reporting company on behalf of a group for the purposes of the corporate interest restriction;
summary of basis period reform, with links to HMRC online guidance on calculating transition profit;
announcement of the new alcohol duty digital service to be launched in March 2025;
details of revised letters HMRC send out to taxpayers when taxpayers authorise an agent to act on their behalf via the Online Agent Authorisation Service, principally to clarify what the agent can do on behalf of their client after authorisation.
