HMRC Agent update
HMRC have released the latest bi-monthly issue of the ‘Agent Update’ publication which includes summaries of changes and updates recently announced by HMRC. The document which is aimed at taxation and accountancy practitioners includes links to more detailed information on each of the topicscovered.
The topics covered in the latest edition include the following:
- Managing the 31 January 2011 self assessment deadline
- A summary of the recent Budget updates
- Capital allowances – meaning of dwelling house
- Changes to the construction industry scheme penalty regime
- Disclosure of tax avoidance schemes
- Corporation tax – changing registered company name / address details
- Introduction of new inheritance tax form – IHT422
- Registering partnerships and partners for self assessment
- New PAYE employer CD-ROM now available for download
- VAT – standard rate to increase to 20% from 4 January 2011
- Three new toolkits published
- Details of changes to HMRC manuals
- Consultation update