The Chartered Institute of Payroll Professionals
Policy Bi-Monthly Newsletter – September 2016
Tax Agents and Advisers
Tax Agent Toolkits - are you using them? 2 August 2016
HMRC’s Toolkits can be used in a number of ways; as a straightforward checklist, to complement or check and refresh your existing processes and as a training aid for your staff.
There are 20 toolkits in total including expenses and benefits from employment, Income Tax losses and National Insurance contributions and statutory payments. Every toolkit is refreshed at least annually.
Each toolkit contains:
a checklist to help you to address the areas of possible error that HMRC identifies as key explanatory notes which identify the underlying types of error, how to mitigate them. and a brief outline of the tax treatment (it is recommended that you review these notes even if you are confident about answering the questions in the checklist) cross references linking to the relevant guidance available online so you can easily find more detailed guidance.
Each toolkit is a free PDF download that can be saved or printed for your records, but remember to download directly from the website each time to make sure you have the most recent version.
So why not have a look at the Tax Agent Toolkits page and see how they can help you.
Agent update 55 9 August 2016
HMRC has published the latest Agent Update which details guidance, developments and changes to legislation relating to UK tax.
Agent Update 55 includes:
Changes to HMRC service, upcoming HMRC events and guidance. Details of live consultations and response summaries. Latest updates from the partnership between HMRC and the six main agent representative bodies.
This month’s top articles:
HMRC agent toolkits - a useful tool for helping agents Read an update from The Pensions Regulator. New bank account details for customers who use International Bank Account Number (IBAN)
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