Latest agent update published

HMRC has published Agent Update 122 providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents. It includes articles on PAYE settlement agreement calculations for 2023-24 and submitting calculations online a reminder that HMRC will stop sending some paper corporation tax letters where information is available online on basis period reform a request that advisers should not ask for the overlap relief figure and confirmation that HMRC intends to release the updated additional information form for research and development claims this month and simultaneously update the accompanying regulations.

Other articles are summarised below.

Alcohol duty

HMRC is writing to approved producers of alcoholic products in the UK to tell them about the new digital service it will launch in March 2025. The new service is intended to simplify and modernise the processes for alcohol...