The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
All things PAYE Auto enrolment Agent Account Manager issues Tax-Free Childcare
In a comprehensive Talking Points article you can find out what is planned for February and March and how to take part. Read Agent Update 58 for full details and a variety of other updates.
Previous editions of Agent Update are also available on GOV.UK .
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HMRC Talking Points on automatic enrolment 21 February 2017
HMRC’s Talking Points meetings aim to help make things easier for Agents and their clients, by providing up-to-date information, guidance and tips.
Automatic enrolment
There are two separate meetings on this subject and The Pensions Regulator will be taking part in both of them.
Supporting your clients through automatic enrolment Friday 17 March midday to 1pm Register now for this meeting
Supporting your clients through re-enrolment Friday 17 March 2.30pm to 3.30pm Register now for this meeting
Delegates will have the opportunity to ask questions during the meeting however a webcam or microphone is not needed.
These interactive meetings will be run on the ‘CITRIX’ platform.
If you have any questions for the subject experts, please send them to team.agentengagement@hmrc.gsi.gov.uk prior to the meeting, including the title of the meeting in the ‘Subject’ line of your email.
The organiser will explain how to ask questions on the day.
Additionally there are also several toolkits that you may find useful which are free to access and download.
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Making Tax Digital - HMRC working with tax agents 13 March 2017
Following the announcement in Budget 2017 about the one year extension for quarterly reporting under Making Tax Digital plans, HMRC’s tax agent team has provided an update .
The responses to last year’s Making Tax Digital consultations were published on 31 January 2017. Amongst other things, these confirmed that businesses will be able to continue to use spreadsheets for record keeping but their software must be able to interact with those spreadsheets so that the requirements of MTDfB are still met. Those businesses eligible for three line accounts will be able to provide quarterly updates on that basis. The Budget announcement on 8 March confirmed that businesses (including the self-employed and landlords) that have annual turnover below the VAT registration threshold will have an extra year before they are required to keep records digitally and send HMRC quarterly updates. This will give 3.1 million small businesses with more time to prepare for Making Tax Digital.
The Chartered Institute of Payroll Professionals
Policy News Journal
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