Latest agent update available

The November 2022 edition of Agent Update has been published. It brings together technical updates and reminders including the following.

National Insurance

HMRC has identified 3 900 taxpayers who deferred filing their 2020-21 self-assessment return until after 31 January 2022 and paid voluntary class 2 National Insurance contributions because the calculation did not accept voluntary contributions and a message was shown saying it is too late to pay. HMRC will write to these taxpayers in December explaining how to resolve the issue.

Venture capital schemes

In October HMRC introduced a new online service for companies applying for advance assurance for an investment under the enterprise investment scheme venture capital trusts and seed enterprise investment scheme. Agents should note that a copy of the authorisation to act on behalf of the company signed and dated within the last three months must be provided...