HMRC has published Agent Update issue 86 (July 2021) providing a round-up of recent developments for tax agents and advisers, including the following:
changes to the CJRS grants from August 2021 and the use of updated templates for bulk claims;
corporate interest restriction return: HMRC has developed an API for submitting interest restriction returns and for reporting company appointments and revocations, which will be available for use from mid to late July 2021;
VAT deferral: the new payment scheme is now closed. Taxpayers with outstanding VAT debts can seek help by searching ‘if you cannot pay your tax bill on time’ on gov.uk. A 5% penalty and interest may be charged where the VAT is not paid in full, or where businesses did not join the VAT new payment scheme online by 21 June 2021 or make an arrangement to pay by 30 June 2021;
online print and post VAT1 for manual applications for VAT registration: introduction of the new online print and post version;
off-payroll working rules: additional resources on how changes to the off-payroll working rules may affect businesses that engage with contractors from April 2021; and
HMRC has published Agent Update issue 86 (July 2021) providing a round-up of recent developments for tax agents and advisers, including the following:
changes to the CJRS grants from August 2021 and the use of updated templates for bulk claims;
corporate interest restriction return: HMRC has developed an API for submitting interest restriction returns and for reporting company appointments and revocations, which will be available for use from mid to late July 2021;
VAT deferral: the new payment scheme is now closed. Taxpayers with outstanding VAT debts can seek help by searching ‘if you cannot pay your tax bill on time’ on gov.uk. A 5% penalty and interest may be charged where the VAT is not paid in full, or where businesses did not join the VAT new payment scheme online by 21 June 2021 or make an arrangement to pay by 30 June 2021;
online print and post VAT1 for manual applications for VAT registration: introduction of the new online print and post version;
off-payroll working rules: additional resources on how changes to the off-payroll working rules may affect businesses that engage with contractors from April 2021; and
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