Highlights from the broader tax news for the week ending 8 December, including: HMRC’s service to notify dormancy; an HMRC webinar about reporting COVID-19 grants on CT600s and HMRC examples concerning plastic packaging tax.
New online service to notify company dormancy
HMRC has launched a new online service that allows companies and agents to tell HMRC that a company is dormant for corporation tax purposes. There is still a requirement to send information about a dormant company to Companies House. The Tax Faculty is interested in receiving feedback from members on the new service.
COVID-19 grants on CT600s
If you have questions about reporting COVID-19 grants on CT600s or making repayments there is an opportunity to put questions to HMRC during its Talking Points webinars for agents on Thursday 9 December. ICAEW’s guidance can be found in TAXguide 12/21 (available to all ICAEW members). Register here for HMRC’s webinar.
HMRC issues plastic packaging tax examples
HMRC has issued a set of examples designed to help businesses assess whether they need to register for plastic packaging tax when it comes into force on 1 April 2022 and also whether components manufactured or imported are chargeable to the tax.
ICAEW Know-How from the Tax Faculty
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.