Agent Update Issue 113 (18 October 2023) provides the usual roundup of recent news, with the following highlights of note:
overlap relief: summary of details required for the online overlap profits request form;
assurance of remittances of foreign income and gains toolkit: further details of the new toolkit for agents, including areas of risk highlighted by HMRC relating to remittance reporting. HMRC is also running a statutory residence test webinar in November (agents can sign up for more details);
VAT and the agent services account: HMRC have delayed the removal of functionality which allows agents to copy across existing VAT clients to their agent services account - although the option remains available, HMRC urge agents to use the digital handshake process to authorise new VAT clients;
update on changes to the agent dedicated line: including redirecting PAYE queries (agents should select ‘option 2’);
advance valuation ruling service: the service is now available to agents representing traders who cannot use a business tax account; and
tax relief for working from home expenses: HMRC remind agents to check clients’ tax codes to ensure any coded allowance has been removed if they are no longer eligible.
Agent Update Issue 113 (18 October 2023) provides the usual roundup of recent news, with the following highlights of note:
overlap relief: summary of details required for the online overlap profits request form;
assurance of remittances of foreign income and gains toolkit: further details of the new toolkit for agents, including areas of risk highlighted by HMRC relating to remittance reporting. HMRC is also running a statutory residence test webinar in November (agents can sign up for more details);
VAT and the agent services account: HMRC have delayed the removal of functionality which allows agents to copy across existing VAT clients to their agent services account - although the option remains available, HMRC urge agents to use the digital handshake process to authorise new VAT clients;
update on changes to the agent dedicated line: including redirecting PAYE queries (agents should select ‘option 2’);
advance valuation ruling service: the service is now available to agents representing traders who cannot use a business tax account; and
tax relief for working from home expenses: HMRC remind agents to check clients’ tax codes to ensure any coded allowance has been removed if they are no longer eligible.
