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Agent Update published

24 October 2017
Issue: 4621 / Categories: News

Corporation tax returns,paying HMRC, tax coding notices, MTD, and the trust registration service.

HMRC has published Agent Update 62. Extracts follow but for details see here.

Corporation tax returns

From 1 November HMRC will reject all corporation tax returns with accounts or tax computations that are not in inline extensible business reporting language (iXBRL) unless the directions under SI 2003/282 allow otherwise or a dispensation has been granted. The taxpayer will have to re-file them in iXBRL.

HMRC reminds taxpayers that only additional information such as a loss carry-back claim should be sent as a pdf attachment. A covering letter is not required.

It has been mandatory to file most company tax returns online using XBRL tags for accounts and tax computations since 2011.

Paying HMRC

From 13 January 2018 HMRC will no longer accept payments made from personal credit cards. It will be allowed to accept payments this way only if there is no cost to the public...

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