HMRC has published Agent update:issue 84 (May 2021) providing a round-up of recent developments for tax agents and advisers. HMRC now intends to publish Agent update on a monthly basis, rather than once every two months, with the next instalment due on 16 June 2021.
Issue 84 brings together the latest technical updates and reminders, including the following:
latest updates to the coronavirus job retention scheme (CJRS) guidance, including the changes to furlough payment percentages for July to September 2021;
reminder of the 6 July 2021 deadline for reporting expenses and benefits for the tax year ending 5 April 2021;
updated HMRC guidance on the trust registration service;
new guidance on the claims process for the temporary extended carry-back of trading losses arising in accounting periods ending between 1 April 2020 and 31 March 2022;
VAT reverse charge for construction services, which came into force on 1 March 2021;
reminder of the payroll requirements for employers which provide medical benefits through payrolling benefits in kind or the legacy P11D process, where the medical provider has made refunds; and
publication of initial guidance on the new plastic packaging tax to help manufacturers and importers of plastic packaging, and businesses that buy plastic packaging, prepare for the tax.
HMRC has published Agent update:issue 84 (May 2021) providing a round-up of recent developments for tax agents and advisers. HMRC now intends to publish Agent update on a monthly basis, rather than once every two months, with the next instalment due on 16 June 2021.
Issue 84 brings together the latest technical updates and reminders, including the following:
latest updates to the coronavirus job retention scheme (CJRS) guidance, including the changes to furlough payment percentages for July to September 2021;
reminder of the 6 July 2021 deadline for reporting expenses and benefits for the tax year ending 5 April 2021;
updated HMRC guidance on the trust registration service;
new guidance on the claims process for the temporary extended carry-back of trading losses arising in accounting periods ending between 1 April 2020 and 31 March 2022;
VAT reverse charge for construction services, which came into force on 1 March 2021;
reminder of the payroll requirements for employers which provide medical benefits through payrolling benefits in kind or the legacy P11D process, where the medical provider has made refunds; and
publication of initial guidance on the new plastic packaging tax to help manufacturers and importers of plastic packaging, and businesses that buy plastic packaging, prepare for the tax.
