Income Tax

Conditions for claiming personal tax reliefs

How will the government’s ‘one nation’ approach apply to tax?

This is a summary of issue 47 of Agent Update, HMRC’s bi-monthly news roundup for tax advisers

Digital agent engagement

Agents were invited in January to take part in a series of regional events with HMRC representatives.

Don’t simply follow past years’ P11Ds when preparing the latest forms

Tax charity calls for improved guidance

Calculating an individual’s income tax liability

The Pensions Regulator has announced plans for a new auto-enrolment solution to help employers that currently use HMRC’s basic PAYE tools.

The proposals, set out in a consultation document, explain how pensions officials would prefer for employers to buy appropriate payroll software, rather than rely on the Revenue’s free offering, which will not be updated to provide automatic enrolment functionality.

Bluu Solutions Ltd (TC4300)

M Seddon & others (TC4344)

Pension contributions can benefit low-earning taxpayers

Tax treatment of compensation for missold financial products

HMRC have clarified their position on the new intermediary reporting requirements for umbrella company workers, following enquiries from the Association of Professional Staffing Companies (APSCo).

The taxman’s system requires intermediaries to select from a list the reason why PAYE has not been applied. There are six categories:

A. Self-employed
B. Partnership
C. Limited liability partnership
D. Limited company
E. Non-UK engagement
F. Another party operated PAYE on the worker’s payments