Agent Update: issue 93 is now available and contains the latest guidance and information for tax agents and advisers. The latest Employer Bulletin: February 2022, a bi-monthly magazine for employers and agents that gives up-to-date information on payroll topics, has also been published and features the national living and minimum wage rates which take effect from 1 April 2022, amongst other topics.
This edition of Agent Update includes:-
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Budget Payment Plans for Self-Assessment tax debt;
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The Self-Employment Income Support Scheme – late claims and review requests;
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sending your client’s 2022-2023 Annual Tax on Enveloped Dwellings return;
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new National Minimum Wage and National Living Wage rates; and
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Health and Social Care – National Insurance contribution increase.
Also featured is some news on a new process for reclaiming tax paid on Payment Protection Insurance (“PPI”) interest. HMRC is currently developing an automated solution which is intended to speed up processing time. The Agent Update sets out guidance to follow to use the new automated process which should begin late Spring 2022. According to HMRC, applications outside the automated process will take longer.
According to the Agent Update, taxpayers who are logged into their HMRC account can make a payment using a QR code which is scanned to complete a payment on a mobile device. HMRC has also highlighted how to spot that the QR code is genuine.
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