The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
We appreciate these topics may not be of relevance to everyone. Talking Points cover a diverse range of subjects but if there is something that you would like to hear about and have the opportunity to ask questions, then please email policy with ‘Talking Points’ in the title and let us know; we shall pass on your interest to HMRC.
Trade losses
There are two sessions running and they include an overview, types of claim and general rules on loss relief. Thursday 5 January midday to 1pm Register for this meeting Thursday 5 January 2pm to 3pm Register for this meeting
Self Assessment tax returns
All about Self Assessment filing and paying HMRC. Thursday 12 January 2pm to 3pm
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Ask a question
On the day, the organiser will explain how to ask a question during the session. You can also email questions for the subject matter experts before each session. Please place the Talking Points subject in the title and send to - team.agentengagement@hmrc.gsi.gov.uk
CITRIX
As these sessions run via the ‘CITRIX’ platform, your computer and software need to meet these requirements .
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Agent Update - Self Assessment 4 January 2017
As part of HMRC’s work with tax agents, a special Self Assessment edition of Agent Update has been published.
The update outlines the extra help and support available to help agents, or their clients when completing their tax return.
The deadline for submitting the 2015 to 2016 Self-Assessment tax return is 31 January 2017 .
Six million tax returns still to be filed
According to the Guardian almost 6m of the 11m people in Britain required to fill in a tax return are yet to send it in, with a month remaining until the deadline. Around 870,000 taxpayers missed the 2016 deadline and were liable for a £100 fine, plus extra penalties in some cases. Meanwhile, research carried out by YouGov suggests that almost 2m taxpayers will spend the better part of a working day completing their self-assessment tax return. The study found that 45% of sole traders say it took five hours or more to file their tax return, with 22% saying it took more than 10 hours.
The survey shows that 63% manage their returns without help from an accountant, friends or family. It also reveals that only 5% like the current process while 55% actively dislike it.
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The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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