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Tax administration and maintenance day Published: 6 March 2024 Emailed: 13 March 2024
The Spring Budget 2024 document confirmed the government will make additional tax administration and maintenance announcements at the next Tax Administration and Maintenance Day (TAMD), on 18 April 2024.
We can expect new consultations to be published, some of which will advise of the actions the government intends to take to tackle the tax gap and to both simplify and modernise the tax system.
The CIPP will respond to key consultations and calls for evidence which arise from TAMD, along with any other documents of relevance to payroll, pensions and reward professionals which are published outside of that date.
Keep an eye out for your chance to share your opinions and contribute to our responses. We welcome the viewpoints of our members and the wider community of payroll professionals.
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HMRC updates Published: 6 March 2024 Emailed: 13 March 2024
Simplification of tax administration and tackling the tax gap
The government’s financing plans for 2024 - 25 are set out in ‘ Debt Management Report 2024-25 ’. The long -term debt management objective is to minimise the cost of meeting the government’s financial needs.
£140 million will be invested by the government to improve HMRC’s ability to manage tax debts. The aim is to expand HMRC’s debt management capacity, supporting individual and business taxpayers out of debt quicker and to collect due taxes.
Investment in HMRC Digital Services
The government aims to remove confusion for Income Tax Self- Assessment (SA) customers by simplifying HMRC’s digital services, supporting SA taxpayers by introducing a Time to Pay Arrangement from September 2025, allowing customers to pay in arrears or in instalments in advance via a budget plan.
Suite of Simplification Metrics
In order to measure the progress of the tax simplification initiative, the government will set out metrics that will be created using the responses from HMRC’s annual customer service survey, a survey that is completed by customers after using HMRC’s telephony or digital services. The metrics will include HMRC’s estimated change in net cost to businesses, to meet tax obligations from tax measures.
Raising standards in the tax advice market: strengthening the regulatory framework and improving registration
A consultation is set to be published on options to strengthen the regulatory framework in the tax advice market, and the requirement of tax advisers to register with HMRC if they need to interact with HMRC on a client’s behalf. The government also intend to explore making it quicker and easier for tax advisers to register with HMRC.
HMRC guidance on retraining tax deductibility
HMRC has published new guidance for sole traders and the self-employed on tax deductibility of training costs. The guidance outlines that for allowable costs when calculating taxable profits, include updating skills, keeping up with technological advances and changes in industry practices.
Tackling non-compliance in the Umbrella Company Market
cipp.org.uk
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