This month’s UK tax tidbits
Rates and thresholds for employers and the latest Bulletins feature this month.
- Tax is changing in Wales sets out the impact of the Welsh rates of income tax from 2019/20. From 6 April 2019, people with a main residence in Wales and who pay Income Tax will pay Welsh rates of Income Tax set by the Welsh Government. These mirror the rates in England and Northern Ireland.
- Check a pension scheme member’s residency status for relief at source has been updated
- Rates and thresholds for employers 2019/20 has been published
- Work out your allowances if you’ve flexibly accessed your pension has been updated
- How to complete forms P11D and P11D(b) has also been updated
- Changes to the VAT treatment of vouchers sets out changes to the VAT treatment of vouchers issued on or after 1 January 2019.
- Let Property Campaign: your guide to making a disclosure and How to make a voluntary disclosure to HMRC have been updated
- The guidance on to use HMRC’s online services to register and report for the Automatic Exchange of Information service if you’re a financial institution has been updated
- The guidance on Agent Authorisation has been updated
- The latest Pension Schemes newsletter is available
- The latest VAT bulletin is available together with the following updated VAT publications and guidance:- Claim back VAT paid in the EU if you’re established elsewhere (VAT Notice 723A), Changes to the VAT treatment of vouchers, Get VAT relief on certain goods if you have a disability and Notice 366: importing biological and chemical substances for research free of duty and VAT
- Details of the latest phishing scams have been updated
- The detailed guidance notes for charities on how the tax system operates have been updated
- The guidance on how to use HMRC online services to register and report for the Automatic Exchange of Information service if you’re a financial institution has been updated
- The following publications relevant to employers have been updated:- PAYE draft forms: P11D and P9D and PAYE draft forms: P11D and P11D Working Sheets (2018 to 2019)
- Use the updated list to find shares formerly quoted on the London Stock Exchange which have been declared as negligible value up to 31 December 2018
- Check the Double Taxation Treaty Passport Scheme register for the latest overseas corporate lenders who are passport holders for Double Taxation Relief on UK loan interest
- The following VAT documents were recently published:- Reliefs from VAT for disabled and older people (VAT Notice 701/7), VAT Youth Clubs, VAT Education Manual, VAT relief on adapted motor vehicles for disabled people and charities (VAT Notice 1002), How VAT affects charities (VAT Notice 701/1), Goods or services supplied to charities (VAT Notice 701/58) and VAT Sport Manual
- Apply for deferment of payment of Class 1 National Insurance contributions (CA72A) has been updated
- The annexes to be used when applying for non-statutory clearance have been updated
- Set up a limited company: step by step is a new guide setting out how to set up a company
- HMRC has issued guidance on how to complete 2017–18 forms P11D returns for PAYE internet submissions, expenses and benefits
- The February 2019 Employer Bulletin is available
- The most recent HMRC performance data is available
- The latest Relief at source pension schemes newsletter – January 2019 is available
- The policy paper on Loan schemes and the loan charge has been updated
- HMRC has updated its guidance on the use of the Alternative Dispute Resolution service
- HMRC have published Spotlight 46: Rewarding employees and contractors using contrived loan arrangement and Spotlight 47: Attempts to avoid an income tax charge when a company is wound up
- The NAO’s report on Administration of Welsh Income Tax 2017–18 covers the activities of HMRC before the introduction of the Welsh rates of income tax in April 2019
- The following publications relevant to making a disclosure to HMRC have been updated:- Let Property Campaign: your guide to making a disclosure, How to make a voluntary disclosure to HMRC and Credit card sales campaign: your guide to making a disclosure