Overview

Guidance and support from ICAEW's Tax Faculty on:

• HMRC service performance issues, including the news that HMRC is removing the 10-minute waiting time target on the agent-dedicated line.
• MTD for income tax, including ICAEW’s reaction to proposals for basis period reform.
• VAT, including changes to agent authorisation and the central assessment process for late VAT returns, as well as touching on MTD for VAT.
• Self assessment - student loan deductions and payrolled benefits in kind.
• IR35 update. HMRC has adopted a pragmatic approach of offering deemed employers the ability to pause settlement pending a potential change in legislation.
• Legislation day 2023, including implications for R&D and pensions.
• Reminders for tax practitioners including.
  - Action required by those holding certificates of tax deposit.
  - Overlap relief information online service is available.
  - CGT paper return will remain on gov.uk post end of September while HMRC "reviews the results of the trial".
  - Companies need to submit R&D additional information forms for any claims since 8 August 2023
  - HMRC guidance on digital records and signatures.
  - Improvements to HMRC pay by bank account service – enabling the option to schedule payments on a future date.

Resources

• Latest Tax News from ICAEW
• HMRC Agent Update 112
• Public Accounts Committee call for evidence on HMRC performance
• HRMC contact information
• CGT paper return
• Legislation day 2023
• Tell HMRC about a student or post-graduate loan in your tax return

About the speakers

Caroline Miskin

Senior Technical Manager Digital Taxation, ICAEW

Lindsey Wicks

Technical Manager Tax Policy, ICAEW