Highlights from the broader tax news week ending 21 April, which includes an update from the Office for Tax Simplification on how HMRC is meeting its 2018 recommendations on guidance for taxpayers, as well as the latest editions of HMRC's Agent Update and Employer Bulletin.
HMRC makes ‘clear progress’ on guidance for taxpayers
The Office for Tax Simplification (OTS) has published a paper examining how HMRC is performing against 12 OTS recommendations to improve guidance for taxpayers published in 2018. In the new paper, the OTS acknowledges that HMRC has made “clear progress in implementing the new guidance model” that the OTS envisaged in 2018. It confirms that HMRC has committed significant resources to its guidance team and is making extensive use of external feedback to improve guidance. It concludes by looking to HMRC’s future plans and encourages the allocation of further resources. Read the report in full.
Latest HMRC Employer Bulletin
HMRC has published the April 2021 edition of its bi-monthly update for employers offering links to new guidance and reminders. The latest issue highlights that claims can now be made to the SME Brexit Support Fund, as well as reminders on deadlines for the CJRS and payroll from April 2021. It provides links to new guidance on the national minimum wage, information on changes to the Construction Industry Scheme and off-payroll working. Read the Bulletin in full.
Bumper edition of HMRC Agent Update
The April 2021 (issue 83) of HMRC’s Agent Update is a comprehensive digest of key information for the start of the tax year. It includes articles on the changes to off-payroll working regime, the Construction Industry Scheme and corporation tax self assessment, alongside articles on the Trust Registration Service and extensions to capital allowances. A section on PAYE includes information on correcting payroll from April 2021, meanwhile there are pieces on digital links and client direct debits in relation to Making Tax Digital. Read the Update.
Hear more at Virtually Live!
ICAEW's flagship digital conference returns for 2021 and includes sessions on tax. Hear from experts including Rebecca Benneyworth and ICAEW's Anita Monteith.
This guidance is created by the Tax Faculty, recognised internationally as a leading authority and source of expertise on taxation. The Faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.