The Chartered Institute of Payroll Professionals
News On Line
This edition covers topics under the headings:
Tax
• Electric charging of company cars and vans at residential properties • Update on agent registration • Update on UK implementation of global tax reform — Pillar 2 • Help to check if work qualifies for Research and Development (R&D) tax relief • Relevant motoring expenditure — impact of recent Upper Tribunal decision on National Insurance contributions • Property business arrangements involving hybrid partnerships — Spotlight 63 • Returns for deceased persons and estates in the administration period • Overlap Relief — preparing for the new tax year basis.
EU Exit •
Second-hand motor vehicle VAT-related payment scheme — update to deadline
HMRC Agent Services Details of live consultations and links to responses, changes to HMRC service and guidance, including: • Tips for when you must use post • Changes to the Apprenticeship Levy Manual • Electronic sales suppression (ESS) a year on: HMRC continues clamping down on major till fraud • Making sure you stay on top of your workplace pensions duties • Getting ready for Self Assessment • Income Record Viewer — client authorisation. Agent Forum and engagement Latest updates from the partnership between HMRC and the main agent representative bodies, including: • Issues Overview Group and agent forum • Agent online forum — hints and tips to improve posts • Digital signatures • Income Record Viewer • Marriage Allowance • Contact information for professional and representative bodies.
Keep an eye out for further news articles expanding on some of these key updates.
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Agent Update 115: December 2023 Published: 21 December 2023 Emailed: 3 January 2024
The Agent Update for December 2023 has been released and brings a number of reminders about the UK tax system that agents should be aware of. As always it is useful for other payroll professionals to also be aware as the Agent Update comes monthly, rather than every other month of the Employer Bulletin.
The update brings items relating to tax, EU exit, Making Tax Digital (MTD) and agent services. The key items for payroll agents are below but see the update in full for all the items that may be on your periphery.
Tax
• Off-payroll working rules (IR35) — opportunity to pause settlement • Updated 2022 to 2023 Self Assessment (SA) Exclusions document for individuals • Digital or electronic signatures • Director’s loan repayments using Loans to Participators (L2P) Forms • Reporting rules for digital platforms — 1 January 2024 • National Insurance contributions (NICs) rate changes 2024
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