Government News and Updates

Mims Davies office have sent the following Government updates, please read the full details below.

Northern Ireland update: agreement in principle reached by the UK and EU regarding the Windsor Framework 

Are you paying the new NMW rates correctly – live HMRC webinars

Talking Points

HMRC’s regular Talking Points provide information, guidance and tips to help you to understand tax issues.
We have more Talking Points webinars coming up. There are a limited number of spaces, so save your place now:
Changes to the VAT 652 – Error Correction Notice form  
This recorded webinar will provide:
an introduction to the digital VAT 652 – ‌‌‌Error Correction Notice form
a walk-through of the online form
information on how to complete and submit the form
When is software in a project considered R&D?
This recorded webinar looks at the guidance in the Corporate Intangibles Research and Development (CIRD) manual, in particular the guidelines in CIRD 81900, and the mistakes that are often seen when companies attempt to align their projects to the requirements of the R&D scheme.
How to register for VAT using the VAT1 form  
Please watch a recording of this webinar. It will explain how to register for VAT using the VAT1 form, focusing on the most common errors with completing the form and providing tips on how to avoid mistakes.
Using the VAT484 form to report changes  
Please watch a recording of this webinar. It will explain how to complete the form VAT484 to report any changes to your client’s VAT-registered business. This will include changing business contact details, VAT return dates, business partners and cancelling the registration.
An overview of the new VAT late submission, late payment penalties and interest changes
This recorded webinar will explain HMRC’s new VAT penalties and VAT interest changes. These will replace the VAT default surcharge for VAT accounting periods starting on or after 1 January 2023.
The Trust Registration Service and reporting discrepancies
This recorded webinar will explain HMRC’s new VAT penalties and VAT interest changes. These will replace the VAT default surcharge for VAT accounting periods starting on or after 1 January 2023.
Super-deduction first-year capital allowance
This recorded webinar is an overview of the super-deduction capital allowance and covers:
what expenditure qualifies
what exclusions may apply
how to use HMRC’s new online tool to check eligibility
how to claim the super-deduction relief
Declaring your grants on your Company Tax Return (CT600) 
Please watch our YouTube video for an overview of how to report coronavirus support payments and grants on your Company Tax Return, what happens if you’ve claimed too much and records you need to keep.
Foreign income agent toolkit
Do you advise UK taxpayers who receive foreign income? Read HMRC’s new ‘Foreign income toolkit‘ to get the latest information on how to help your clients complete Self Assessment returns to disclose overseas property, investment and pensions income, and more.
Share your views by 9‌‌‌ April 2023: new Alcohol Duty draft secondary legislation
Stakeholders including producers, importers, and resellers of alcoholic products have until 9‌‌‌ April‌‌‌ 2023 to submit their views on the draft secondary legislation.
Have your say by emailing HMRC at the address published on the consultation page on GOV‌‌‌.UK.
Plastic Packaging Tax: check if you need to register and pay any tax due by 28 April‌‌‌ 2023
Plastic Packaging Tax (PPT) was introduced on 1 April 2022. If you manufacture or import 10 or more tonnes of plastic packaging within a 12-month period you must register for PPT on GOV‌‌‌‌‌‌.UK, even if your packaging contains 30% or more recycled plastic. If you’re liable to register or have already registered, from 1‌‌‌ April ‌‌‌ 2023 you must submit your PPT return and pay any tax due by 28‌‌‌ April‌‌‌ 2023. To find out more and support your clients visit the Plastic Packaging Tax collection page on GOV‌‌‌.‌‌‌UK.