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ICAEW technical round-up: April 2023

Author: ICAEW Insights

Published: 25 Apr 2023

This month’s top stories include HMRC restricting the use of the agent dedicated line, guidance for pension protection and guidance on plastic packaging tax penalties.

Need to know

HMRC restricts use of the ADL until June

HMRC is severely restricting the use of the agent dedicated line from 17 April to 2 June. The ADL will only deal with queries on self assessment penalties and PAYE coding notices.

Guidance for pension protection post 6 April 2023

HMRC has published guidance regarding how to safeguard pension protection, following the pension changes announced at Spring Budget 2023. Care should be taken as the rules differ depending on the date the lifetime allowance protection application was received by HMRC.

Professional bodies challenge government on tax simplification

ICAEW has joined other professional bodies to propose a series of actions on tax simplification following the closure of the Office of Tax Simplification.

P11Ds and P11D(b)s must be submitted only online from 6 April 2023

Employers (except for the digitally excluded) will be required to submit and amend forms P11D and P11D(b) online only. Paper original and amendment forms P11D and P11D(b) will be rejected.

Business rates modernisation bill introduced to Parliament

ICAEW’s Tax Faculty summarises the key changes contained in the bill.

Research and development claims to require a detailed information form

R&D claims submitted on or after 1 August 2023 will require further details about the projects to be submitted, using an online additional information form.

Nominations of tax repayments remain valid

Assignments of income tax repayments are void from Budget Day. However, HMRC will continue to accept nominations of repayments to third parties, including agents.

Employers hiring veterans can claim relief on secondary NIC

Organisations employing former UK military personnel can claim relief on secondary national insurance contributions for the first 12 months of a veteran’s civilian employment.

VAT zero rate for energy saving materials extended to NI

Further to the ratification of the Windsor Framework, the zero rate for the installation of energy saving materials announced at Spring Statement 2022 will be extended to Northern Ireland from 1 May 2023.

Scotland’s additional dwelling supplement: ICAEW responds to proposed changes

ICAEW expresses disappointment at the scope of inherited interest rules and highlights possible improvements to the draft legislation.

EU VAT in the digital age package: ICAEW responds

ICAEW’s Tax Faculty members provide comments on the European Commission’s legislative proposals.

Key measures in Spring Finance Bill 2023

The Finance (No. 2) Bill 2022/23 includes Spring Budget announcements such as the full expensing first-year capital allowance, abolition of the pension lifetime allowance charge and investment zones.

Member helpsheets and guidance

Plastic packaging tax: detailed HMRC guidance on penalties

The penalties cover failing to register, submitting a late return, late payments and failing to meet other requirements of plastic packaging tax.

PSAs – new online service for employers

HMRC launches a new online service to apply for, amend or cancel a PAYE settlement agreement.

Thousands of self assessment taxpayers to be moved to digital filing

HMRC is contacting almost 135,000 taxpayers who currently file paper self assessment (SA) tax returns to tell them that they will need to phone HMRC if they require a paper form. The SA forms will no longer be available to download from gov.uk.

Overpayments of CGT following self assessment

Self assessment tax return filers who have also submitted a capital gains tax (CGT) UK property return may end up in an overpayment position. ICAEW’s Tax Faculty recaps the process for claiming a CGT repayment.


Government publishes consultation on addressing carbon leakage

The consultation by HM Treasury and the Department for Energy Security and Net Zero includes proposals for a UK carbon border adjustment mechanism.

UK government publishes draft border target operating model

The model is intended to strengthen the UK’s borders against biosecurity threats and illegal imports.

Call for evidence: VAT energy saving materials relief

 The UK government is seeking views on whether the VAT zero rate for the installation of energy saving materials should be extended to additional technologies and to installations in charitable premises.

Help HMRC develop guidance on new rules for digital platform reporting

HMRC is seeking feedback on specific points to assist in the drafting of guidance on the rules as they apply to the UK.

Consultation on VAT provisions for drink deposit return schemes

Government publishes draft legislation detailing how VAT will be accounted for under statutory deposit schemes.

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