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VAT registration
HMRC has updated VAT Notice 700/2 ‘Group and divisional VAT registration’ to make clear in section 7.5 that the amount of £7 500 relates to the output tax and applies to the whole group.
PAYE guide
The 2023-24 version of HMRC’s employer guide to class 1A National Insurance contributions on benefits in kind termination payments and sporting testimonial payments (CWG5) is available.
Agent Update 105
The February edition of Agent Update has been published. It provides a round-up of recent developments and changes to legislation and allowances relating to UK tax for advisers.
Employer Bulletin
The February edition of HMRC’s Employer Bulletin contains various articles including on reporting advances of salary changes to basic PAYE tools and PAYE desktop viewer student loan thresholds from April 2023 tax relief for employment expenses preparing for the national minimum wage rate increase and public venue operator requirements.
