Fifth issue - April 2008
Introduction
Welcome to the fifth issue of Agent Update. Many of the topics relate to the Chancellor’s Budget and the implications it has on your clients’ financial affairs. Amongst these topics are details on the new higher limit for voluntary disclosure of indirect tax errors, and information on a common approach to penalties for incorrect tax returns across all taxes and duties.
We recognise that not all of the topics covered will be relevant to you. By ‘scanning’ the brief introduction to each piece, you should be able to identify your own most relevant ones within a couple of minutes and can then click on the link to view the full information.
If there are any other areas you would like to see covered in future issues, or you have any other suggestions, please let us know by visiting the feedback page and selecting ‘Tax Agents section of the Practitioner Zone’ from the list.
Tax
Developments and changes to legislation and allowances relating to UK tax. View the Tax section.
HMRC Service
Changes to services, upcoming HMRC events and guidance. View the HMRC Service section.
Consultations
Online details of consultative forums consolidated. View a full list of current forums and the principles under which these operate.
This update is also available in PDF format. To view these documents you need to use a PDF file viewer such as Adobe Reader.
This month’s top articles
New guidance on the changes to Self Assessment (SA)
now available online
New guidance has been produced on the changes to SA, providing you with full
details including new penalties and changes to paper substitutes.
Customer Relations Managers
(CRM) service for Agents to be extended
Following HM Revenue & Customs’ (HMRC) pilot project, our CRM service
is being extended to cover all Agents in Cardiff, Glasgow, Manchester, Northumbria
and Liverpool. This means that if you work in one of these areas, you’ll
be able to access a dedicated CRM, irrespective of where your clients’
tax records are held.
New framework will improve effectiveness
of customer forums
View the principles under which forums will now operate.
