In brief: 23 February 2023

VAT registration

HMRC has updated VAT Notice 700/2 ‘Group and divisional VAT registration’ to make clear in section 7.5 that the amount of £7 500 relates to the output tax and applies to the whole group.

tinyurl.com/hmrcvn7002

PAYE guide

The 2023-24 version of HMRC’s employer guide to class 1A National Insurance contributions on benefits in kind termination payments and sporting testimonial payments (CWG5) is available.

tinyurl.com/hmrccwg52324

Agent Update 105

The February edition of Agent Update has been published. It provides a round-up of recent developments and changes to legislation and allowances relating to UK tax for advisers.

tinyurl.com/hmrcau105

Employer Bulletin

The February edition of HMRC’s Employer Bulletin contains various articles including on reporting advances of salary changes to basic PAYE tools and PAYE desktop viewer student loan thresholds from April 2023 tax relief for employment expenses preparing for the national minimum wage rate increase and public venue operator requirements.

tinyurl.com/hmrcebfeb2023

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