Dear PAYadvice.UK
Agent Update: Issue 129 is available now.
Get the latest guidance and information including:
- the Official Rate of Interest
- Lifetime Allowance (LTA) abolition – lump sum reporting
- HMRC’s new campaign helps customers ‘take the hassle out of their hustle’
- advanced electronic signatures for R40, P87, and Marriage Allowance transfer claim form (MATCF) print and post repayment claims
- Self Assessment student loan repayments and payrolled benefits in kind
Your next issue of Agent Update, issue 130 is scheduled for April 2025.
Yours faithfully
HM Revenue and Customs
Technical updates and reminders
Developments and changes to legislation and allowances relating to UK tax including:
Tax
- Self Assessment student loan repayments and payrolled benefits in kind
- Changes to company size thresholds for off payroll working
- Update on UK implementation of Multinational Top-up Tax and Domestic Top-up Tax
- The Official Rate of Interest from 6 April 2025
- Repeal of furnished holiday letting (FHL) regime, effective from April 2025
- Lifetime allowance (LTA) abolition — lump sum reporting
- Changes to tax reliefs for Theatres, Orchestras and Museum and Gallery Exhibitions
- Changes to the claims process for the Creative Industries Tax Reliefs
- Launch of enhanced Audio-Visual Expenditure Credit for visual effects costs and independent films
- Extension of National Insurance Contributions Relief for hiring veterans
- Research and Development tax reliefs
- Reserved Investor Fund
Making tax Digital
HMRC Agent Services
- HMRC’s new campaign helps customers ‘take the hassle out of their hustle’
- Working together to combat fraud and protect customer data
- Freeport and Investment Zone special tax sites
- Celebrating 20 years of HM Revenue and Customs with Institute of Chartered accountants for England and Wales and Chartered Institute of Taxation
- Help with common risks in transfer pricing approaches recorded webinar
- Advanced electronic signatures for R40, P87, and MATCF print and post repayment claims
Agent online forum and engagement
Latest updates from the partnership between HMRC and the main agent representative bodies. Including:
- Share your thoughts — HMRC umbrella company pay calculator testing
- New service to resolve personal tax queries
- Income Record Viewer — examples of IT issues
- Missing PAYE codes
- Address Rejections
- Suggestions on improvements to GOV.UK information
PAYadvice.UK 22/3/2025