HMRC has published Agent Update issue 83 (April 2021) bringing together the latest technical updates and reminders, including the following:
the latest updates to the CJRS guidance, including a change to amending PAYE settlement agreements for coronavirus items;
payment of Class 2 NICs where the 2019/20 tax return was filed late;
top-slicing relief on life insurance policy gains and interaction with the calculation of the personal allowance;
changes to the off-payroll working rules from 6 April 2021 including implications for payroll;
extended end of year payroll reporting deadline for employers with internationally mobile workers; the deadline for 2019/20 returns and payments is now 30 June 2021;
April 2021 changes to capital allowances for cars, zero-emission goods vehicles and equipment for gas refuelling, including the lease rental restriction for businesses which lease their cars;
changes to the construction industry scheme (CIS) from 6 April 2021;
VAT reverse charge on construction and building services from 1 March 2021;
VAT deferral new payment scheme: HMRC is encouraging businesses to sign up as soon as possible to benefit from the maximum number of instalment payments; businesses must apply by 21 June 2021;
changes to the rates of stamp duty land tax for non-UK residents, with the introduction of the non-resident 2% surcharge from 1 April 2021; and
the official rate of interest (for calculating the tax charge on beneficial loans etc) has reduced from 2.25% to 2% for the 2021/22 tax year.
HMRC has published Agent Update issue 83 (April 2021) bringing together the latest technical updates and reminders, including the following:
the latest updates to the CJRS guidance, including a change to amending PAYE settlement agreements for coronavirus items;
payment of Class 2 NICs where the 2019/20 tax return was filed late;
top-slicing relief on life insurance policy gains and interaction with the calculation of the personal allowance;
changes to the off-payroll working rules from 6 April 2021 including implications for payroll;
extended end of year payroll reporting deadline for employers with internationally mobile workers; the deadline for 2019/20 returns and payments is now 30 June 2021;
April 2021 changes to capital allowances for cars, zero-emission goods vehicles and equipment for gas refuelling, including the lease rental restriction for businesses which lease their cars;
changes to the construction industry scheme (CIS) from 6 April 2021;
VAT reverse charge on construction and building services from 1 March 2021;
VAT deferral new payment scheme: HMRC is encouraging businesses to sign up as soon as possible to benefit from the maximum number of instalment payments; businesses must apply by 21 June 2021;
changes to the rates of stamp duty land tax for non-UK residents, with the introduction of the non-resident 2% surcharge from 1 April 2021; and
the official rate of interest (for calculating the tax charge on beneficial loans etc) has reduced from 2.25% to 2% for the 2021/22 tax year.
