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HMRC Agent Update: issue 105 Published: 16 February 2023 Emailed: 22 February 2023
HM Revenue and Customs (HMRC) publishes its issue 105 Agent Update for tax agents and advisers. This month’s update provides information in the areas of tax, making tax digital, the agent forum and engagement.
Some of the key highlights are:
End of year reporting for employers •
new informal payrolling benefits arrangements from 6 April 2023 will no longer be accepted. In addition to this, from 6 April 2023 all P11D and P11D(b) forms must be reported online. This is also published in the February 2023 Employer Bulletin and you can read more here Workplace pensions duties • a webinar will take place on 14 March 2023 which is just for advisers. It will cover what employers need to do to meet their automatic enrolment duties, including completing re-enrolment, calculating pensions contributions and how to help employers avoid common errors Manuals • there are 90,000 pages of content in the manuals on GOV.UK. Improvements can be suggested by using the feedback options listed in the issue PAYE • a ny changes such as a client’s name, business name, address, telephone number or email address, should be notified by telephoning the e mployer’s helpline on 0300 200 3200
Other areas also covered in the issue are: • income record reviewer • budget payment plan for customers •
submitting client’s 2023 /24 Annual Tax on Enveloped Dwellings (ATED) returns • businesses urged to disclose till misuse • how to update designatory details with HMRC • correction on agents services account details in Agent Update 103 issue.
Keep an eye out for our reporting on the next edition due on 22 March 2023.
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Expenses and Benefits
Company car benefit: 2022/23 rates for petrol and hybrid cars updated Published: 1 June 2022 Emailed: 1 June 2022
Her Majesty’s Revenue and Customs’ (HMRC’s) guidance on company car benefits has been updated to show the rates for the current tax year.
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