Issue 19 of HMRC’s Agent Update includes items on:
HMRC is hoping that improvements to the system for processing internet filed self assessment trust returns will persuade more people to choose to file online.
HMRC has admitted that guidance setting out when it will consider a person’s domicile, and decide whether to make a determination of inheritance tax based on that domicile, has not been working well for HMRC or taxpayers.
Inheritance tax: business property relief
Janet Hoskins reviews the issues advisers should consider following the mid-year rate change
To QCB or not to QCB, that is the question. Aaron Fairhurst investigates
A redeployment of resource to ‘higher priority work’ will affect turnaround times until the end of October for the processing of paper forms 64-8 and registrations for self assessment and self-employment, HMRC announced.
HMRC has published guidance to help tax agents to manage the 31 October self assessment deadline. The guidance says:
‘If you send in a paper tax return, it must reach HMRC by midnight on 31 October. The deadline for paper tax returns is only later than 31 October if:
Neville Bramwell and Olivia Biggs provide analysis on pension schemes and the ‘alternative approach’
David Kilshaw and Vanessa Patterson provide an update on Entrepreneurs’ Relief following the extension of the lifetime limit to £5m