HMRC guidance: 28 October 2020

HMRC’s latest guidance includes:

• Agent Update 80 (Oct/Nov 2020): providing the usual roundup of recent developments, including: support for self-assessment taxpayers via the online time to pay service, the effect of furlough on claims for R&D and other reliefs, risks for businesses of the corporate criminal offences (failure to prevent the facilitation of tax fraud), DAC 6 cross-border reporting reminders, and a new ‘UK Transition’ section.
• CWG2: further guide to PAYE and National Insurance contributions: minor revision to the 2020–21 guidance on calculating PAYE and NICs for quarterly pay intervals (at para 1.7).
• Employment Related Securities Bulletin 37 (October 2020): confirming the temporary relaxations on conditions for EMI and SAYE schemes due to coronavirus.
• How to set up an account to defer duty payments when you import goods: updated to cover the duty deferment process from 1 January 2021 (including guarantee waivers). Detailed guidance is expected in ‘early November’, according to HMRC.