The latest stakeholder digest is available from HMRC. Agent Update 107 is also available which contains the latest information for tax agents.
Get the latest guidance and information for Agents which includes:
The Government’s Border Target Operating Model (TOM)
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The UK Government’s Border Target Operating Model has been published in draft form, and sets out a new model for importing goods into the UK from countries inside and outside the EU. See this week’s EU exit corner for more information.
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State Pension Arrears (“SPA”)
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In August 2020, the Department for Work and Pensions began to make State Pension arrears payments to individuals who had been underpaid. This work will continue until December 2024. Information is now available on the tax implications which arise from SPA.
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Annual Tell ABAB survey gives small businesses a voice in the tax system
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The annual Tell ABAB Survey 2023 is now available to complete. The link to the survey is within the article in the Agent Update. Commissioned by an independent body, the Administrative Burdens Advisory Board, the survey aims to provide crucial insights on the big issues faced by small businesses (including those who identify as tax agents) in the tax system.
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Mandatory Disclosure Rules came into force on 28 March 2023
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From 28 March 2023, the UK Government has implemented the OECD Mandatory Disclosure Rules for Common Reporting Standard Avoidance Arrangements and Opaque Offshore Structures.
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