The office of Mims Davies have sent the following Government updates, please read the full details below.
Talking Points Bulletin
|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.
|An overview of the new VAT late submission, late payment penalties and interest changes
|In this webinar, we 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 webinar will cover:
|what is the Trust Registration Service
|what is a trust, trustee and relevant person
|the proof of registration document
|how to make a report and penalties for not complying
|Changes to the VAT652 – Error Correction Notice form
|This recorded webinar will provide:
|an introduction to the digital VAT652 – 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 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 Research and Development (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.
|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.
|Agent Maintainer Team
|HMRC’s Agent Maintainer Team is now part of our Customer Compliance Group. If you need to correspond with the team, please write to the new address below:
|Agent Compliance Team
HM Revenue & Customs