Updated: Updated Agent talking Points, new webinars added.
Agent toolkitsHMRC have 20 Agent Toolkits available for you to download and use. They are a free online resource aimed at helping you to avoid the most common errors we see in filed returns. We have recently updated the following Toolkits:
Expenses & Benefits National Insurance Contributions & Statutory Payments Capital Gains Tax for land and buildings Capital Gains Tax for shares Chargeable gains for companies Trusts & Estates Trusts & Estates (supplementary)Each toolkit has a checklist identifying the key issues to address, with links to further online guidance and information. These Toolkits have already helped many people reduce errors, demonstrate reasonable care and file timely and accurate tax returns
Don’t forget to check out the current 20 toolkits regularly so that you don’t miss the changes as they happen.
Videos YouTube videosWhat is Research and Development (R&D) tax relief? Outlines what R&D relief is who and how to claim it.
What expenses qualify for R&D tax relief? Provides a very simple explanation of what costs qualify for R&D, and some simple errors made by customers.
How to claim R&D tax relief when you receive a grant Addresses one of the most common queries regarding R&D and how it interacts with grants.
There’s more detailed guidance, including case studies at R&D tax relief: making R&D easier for small companies.
Agent Talking PointsAgent Talking Points are weekly online digital meetings for tax agents and advisers and complement HMRC’s quarterly Working Together online agent meetings.
They usually last 45 minutes to an hour and focus on topics agents have said they’re interested in or on new issues identified by agents and HMRC that may have widespread impact. HMRC experts will be available to answer questions.
Register quickly and easily at least 5 minutes before a meeting is due to start.
Capital allowances and vehiclesThis meeting mainly covers the special rules for cars.
Register for this meeting on 25 May 2017, 11am to midday
As this meeting is likely to be oversubscribed we’ve added a second meeting later.
Register for this meeting on 25 May 2017, 1pm to 2pm.
HMRC’s experience of the transformation to new UK GAAPHMRC update on what it has learned from entities applying new UK GAAP. How to avoid HMRC asking questions by making a clear disclosure.
Register for this meeting on 31 May 2017, 11am to Midday.
Basis PeriodsThis meeting will cover commencement years, changes to accounting date and overlapping periods
Register for this meeting on 1 June 2017, 11am to Midday.
As this meeting is likely to be oversubscribed we’ve added a second meeting later.
Register for this meeting on 1 June 2017, 1pm to 2pm.
Agent Toolkits and YouThis meeting will cover toolkit functionality and highlight the benefits of using toolkits to help reduce errors when completing your clients’ tax returns. We will also be seeking your feedback to aid the development of the service. Please be aware this meeting is to discuss the toolkits. We will not be able to answer technical tax questions.
Register for this meeting on 15 June 2017, 11am to Midday.
Tax CodingThis meeting will look at how adjustments in Tax codes for state benefits are calculated and how primary and secondary employments are established.
Register for this meeting on 20 June 2017, 11am to Midday.
As this meeting is likely to be oversubscribed we’ve added a second meeting later.
Register for this meeting on 20 June 2017, 1pm to 2pm.
Call handling on the Agents Dedicated LineThis meeting will give an overview of the purpose of the ADL, the service it provides to agents and the how this service is changing as HMRC becomes more digital.
Register for this meeting on 23 June 2017, Midday to 1pm.
As this meeting is likely to be oversubscribed we’ve added a second meeting later.
Register for this meeting on 23 June 2017, 3pm to 4pm.
Construction Industry SchemeThis meeting will provide a basic overview of the CIS process, including deductions, record keeping, reporting, and repayments.
Register for this meeting on 29 June 2017, Midday to 1pm.
As this meeting is likely to be oversubscribed we’ve added a second meeting later.
Register for this meeting on 29 June 2017, 2pm to 3pm.
Recordings Self Assessment 2017 (SA17)Watch this meeting from 20 December 2016 - income from Property covering expenses and deductions, allowances and reliefs.
Find out more in the HMRC property rental toolkit.
Your income from property tax returnThis video shows how and where to show property income on your Self Assessment tax return. Areas covered include:
entries for Rent a Room claiming for running costs and expensesIt also shows how profits are calculated and losses shown.
Watch this meeting from 5 January 2017 covering trade losses.
Find out more in the HMRC Income Tax losses toolkit.
Watch this meeting from 12 January 2017 covering Self Assessment and paying HMRC.
Watch this meeting from 18 January 2017 covering capital allowances and vehicles.
Find out more in the HMRC capital allowances for plant and machinery toolkit.
2-Step verificationWatch this meeting from 21 February 2017.
Agent servicesWatch this meeting from 29 March 2017.
Watch this meeting from 7 December 2016.
Watch this meeting from 14 September 2016.
Agent Account Manager serviceWatch this meeting from 1 June 2016
Apprenticeship LevyWatch this meeting from 14 February 2017 covering when you need to pay the levy, how much you need to pay and how to report a payment. The meeting also covers changes to Apprenticeship Funding in England from May 2017 and the new Apprenticeship Service.
ATED – Annual Tax on Enveloped DwellingsWatch this meeting from 11 April 2017 demonstrating how to the new digital service.
Automatic Exchange of InformationWatch this meeting from 14 July 2016 to find out more about what the UK’s Automatic Exchange of Information with other countries may mean for you.
Capital Gains TaxWatch this meeting from 29 September 2016 on Entrepreneurs’ Relief.
Class 2 National Insurance reformWatch this meeting from 15 June 2016.
Watch our new Youtube video regarding the impact on Self Assessment returns.
Find out more in the HMRC National Insurance contributions and statutory payments toolkit.
National Living and National Minimum WageWatch this meeting from 14 March 2016 covering both areas.
Find out more in the HMRC National Insurance contributions and statutory payments toolkit.
Find out more in the HMRC expenses and benefits from employment toolkit.
Making Tax Digital for businessWatch this meeting from 28 March 2017.
Paying the right amount of tax through Pay As You Earn (PAYE)Watch this meeting from 5 April 2017.
R&D tax reliefWatch this meeting from 24 August 2016 on Advanced Assurance.
ResidenceWatch this meeting from 3 February 2017 which gave an overview of domicile, why it’s relevant for income and Capital Gains Tax and the impact of the new reforms.
Watch this meeting from 14 October 2016 on double taxation for individuals with dual residency.
Watch this meeting from 7 October 2016 on Statutory Residence Test - split year treatment cases 1 to 3.
Watch this meeting from 8 April 2016 covering non-UK domicile reforms.
SecurityWatch this meeting from 26 May 2016 covering cyber security.
Watch this meeting from 21 April 2016 covering security awareness.
Specialist agent managersWatch this meeting from 9 June 2016 to find out more about the specialist agent managers role.
Tax AvoidanceWatch this meeting from 7 February 2017 where HMRC looked at settling the tax avoidance bills of individuals that might have been involved in tax avoidance schemes.
Watch this meeting from 7 February 2017 in which HMRC outlined some of the common issues that arise in insolvency proceedings where tax avoidance is at play and HMRC’s stance.
Watch this meeting from 16 November 2016 on the new serial tax avoidance regime.
Watch this meeting from 1 November 2016 on settling the tax avoidance bills of small and medium enterprises.
Watch this meeting from 10 May 2016 on disguised remuneration for small and medium enterprises.
Watch this meeting on contractor loans from 30 March 2016 discussing what a recent policy announcement means for individuals who may be involved in disguised remuneration avoidance schemes.
Trade lossesWatch this meeting from 1 March 2017 which looked at the different ways that trade losses may be relieved.
VAT – changes to the VAT Flat Rate Scheme (FRS)Watch this meeting from 1 March 2017 which covered the introduction, from 1 April 2017 of the new 16.5% FRS for businesses with limited costs. Businesses using the FRS or new businesses joining the FRS will complete a simple test to work out whether they must use this new rate.
Your Tax AccountWatch this meeting from 1 March 2016.
In partnership with other government bodies Companies HouseWatch this meeting from 10 November 2016 covering helping agents file accounts right first time.
Department for International TradeWatch this meeting from 24 November 2016 covering free help to grow businesses overseas
Intellectual Property OfficeWatch this meeting from 16 February 2017 covering copyright.
Watch this meeting from 30 November 2016 covering trademarks.
Watch this meeting from 28 July 2016 providing an overview of trademarks, patents, designs and copyright and how to protect intellectual property.
Pensions RegulatorWatch this meeting from 17 March 2017 which looked at how to support your clients through automatic enrolment.
Watch this meeting from 17 March 2017 which looked at how you can support your clients through re-enrolment.
WebinarsWebinars can last up to an hour. You can ask questions during the presentation and get answers from your HMRC host.
Register and log in at least 5 minutes before a live webinar is due to start.
You can watch recorded webinars at any time but you’ll need to register first.
Capital gains: land and propertyThe webinar covers common areas such as reliefs and common errors.
There’s no date for a live webinar at the moment.
Watch this webinar recorded in June 2016.
Find out more in the HMRC Capital Gains Tax for land and buildings toolkit.
Help and adviceCheck to make sure you’ve a compatible computer or mobile device to watch webinars.
Search for help if you’ve technical problems with webinars.
Contact HMRC online for other webinar help.
E-learningComplete the online course to find out how to resolve disputes with reviews and appeals.
https://www.gov.uk/government/news/webinars-e-learning-and-videos-if-youre-a-tax-agent-or-adviser
seen at 18:30, 26 April in Announcements on GOV.UK.Email this to a friend.