Overdue PAYE settlement agreement calculations
HMRC has said that it is raising determinations for employers who have failed to meet their pay as you earn (PAYE) settlement agreement (PSA) obligations for the tax year ending 5 April 2024. A determination is an estimate of the amount of tax and national insurance contributions that HMRC believes is due.
For further information, see HMRC’s guidelines for compliance Help with PAYE Settlement Agreement calculations.
Protecting data against malware
HMRC has used its latest Agent Update to explain what malware is and how agents can protect their devices and clients’ information. HMRC has warned that agent accounts may be suspended if suspicious activity is suspected. Read more in our recent article.
Contacting HMRC by post
HMRC has published ten tips for agents on sending items to HMRC through the post, including the following:
- avoid using 'complaint' (unless it is a complaint) to avoid the letter being diverted to the complaints team rather than to the processing area;
- include the client's unique taxpayer identifier on the first page, making sure it is clear and prominent; and
- check forms are complete, correct and signed.
International tax round-up
CFE Tax Advisers Europe has published its latest collection of tax top 5 developments. This includes a summary of the recent plenary meeting of the OECD/G20 inclusive framework on base erosion and profit shifting (BEPS). A key topic of discussion at the meeting was implementation progress and in particular “the two-pillar solution designed to address tax challenges arising from the digitalisation of the global economy”.
Tax Faculty
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