New HMRC toolkits
HMRC have launched a further three toolkits aimed specifically at helping accountants and tax agents reduce the likelihood of mistakes arising in client tax returns.
The toolkits are intended to highlight common mistakes identified by HMRC who hope that this information will help accountants and agents identify the necessary checks to carry out. The use of the toolkits by accountants and agents is optional.
The new toolkits cover the following topics:
- National Insurance contributions and statutory payments
- VAT output tax
- VAT partial exemption