11 May: Before the Self-employment Income Support Scheme (SEISS) portal opens for applications, the Tax Faculty provides some updates and reminders covering: the eligibility checker, reviewing grants and HMRC support options.
Tax returns - articles
Features and articles from ICAEW related to tax returns under the UK tax regime.
Updated 11 May 2020: ICAEW’s Tax Faculty summarises what we know so far about communicating and transacting with HMRC during the COVID-19 crisis.
1 May: The first element of HMRC’s new trust registration service has been released, allowing details of trusts already registered to be updated.
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Caroline Miskin asks an important question: how do we solve the problem of agent authorisation?
22 April: HMRC has told companies to hold off submitting company tax returns for periods ending on or after 1 April 2020 while it updates systems following rates changes in the Budget.
22 April: ICAEW is reminding members that self-assessment tax returns for 2018/19 must be submitted by 23 April to ensure eligibility for the Self Employment Income Support Scheme (SEISS), as it shares the latest guidance in a webinar.
10 March 2020: HMRC is working to develop its strategy and services for tax agents. ICAEW’s Tax Faculty recorded a webinar on 5 March and published guidance to keep you up to date on the latest changes.
17 February 2020: in its latest Agent Update, HMRC has confirmed changes to collection of self-assessment debt, offered opportunities for agents to test new systems and published reminders for non-resident corporate landlords becoming liable to corporation tax from April 2020.
13 February 2020: self assessment filing has returned two new records. First, a record-breaking 10.4m customers filed online; and second, the total number of customers who submitted their self assessment tax return by the 31 January deadline was 11.1m, another record.
4 February 2020: with self-assessment season over for another year, it’s time for firms to reflect on how it went and look at how things can improve next year. For many accountants, 1 February is the time to make new year’s resolutions, writes former practice owner and business writer Della Hudson.