Annual Toolkits update
Following the annual refresh of the three agent toolkits for VAT, this year’s update of the 20 agent toolkits is nearly complete. The final two will be updated this month and cover Inheritance Tax and Small Profits Rate and Marginal Relief.
HMRC has published the updated VAT Partial Exemption, VAT Input and VAT Output Toolkits; each checklist now includes a new facility allowing reference notes to be added and saved electronically or printed.