HMRC’s latest Stakeholder Digest includes the following highlights:
Updated HMRC Standard for Agents: although the layout has been revised, HMRC say that the Standard remains aligned with Professional Conduct in Relation to Taxation (PCRT) and notes that the professional bodies which maintain PCRT had been consulted.
Online voluntary NICs payment service: HMRC are highlighting the new service, launched recently in conjunction with the DWP, which allows individuals to check and fill gaps in their NICs record. The principle here is to enable individuals to check eligibility to make voluntary contributions for relevant years, how much those contributions would cost and the effect they would have on the individual’s state pension. The new online service is not available to all taxpayers, and the Digest outlines those who are excluded (for example, those who are already in receipt of state pension).
R40 repayment claims: HMRC remind agents to include their agent reference number and to use the HMRC version of the nomination section of Form R40 where they are applying for repayment on behalf of a client. The R40 process applies for applications for repayment of tax on savings interest where the taxpayer does not complete a self-assessment tax return.
Reminder of the consultation on the VAT treatment of private hire vehicles which runs until 8 August 2024.
HMRC’s latest Stakeholder Digest includes the following highlights:
Updated HMRC Standard for Agents: although the layout has been revised, HMRC say that the Standard remains aligned with Professional Conduct in Relation to Taxation (PCRT) and notes that the professional bodies which maintain PCRT had been consulted.
Online voluntary NICs payment service: HMRC are highlighting the new service, launched recently in conjunction with the DWP, which allows individuals to check and fill gaps in their NICs record. The principle here is to enable individuals to check eligibility to make voluntary contributions for relevant years, how much those contributions would cost and the effect they would have on the individual’s state pension. The new online service is not available to all taxpayers, and the Digest outlines those who are excluded (for example, those who are already in receipt of state pension).
R40 repayment claims: HMRC remind agents to include their agent reference number and to use the HMRC version of the nomination section of Form R40 where they are applying for repayment on behalf of a client. The R40 process applies for applications for repayment of tax on savings interest where the taxpayer does not complete a self-assessment tax return.
Reminder of the consultation on the VAT treatment of private hire vehicles which runs until 8 August 2024.
