Bespoke Tax Accountants

Specialist tax advice, accountancy and tax returns

01242 505970
info@bespoketax.com

  • Home
  • About Us
    • Meet The Team
    • Careers
    • Statutory Information
    • Privacy Policy
  • Who We Help
    • Personal and Family
    • Business
    • Our Clients
  • News
    • Making Tax Digital
  • Giving Back
  • Contact
  • Cloud Accounting
    • Xero
  • App

Agent update June 2020

17th June 2020 By bespoketax

Agent update June 2020

HMRC has released the latest bi-monthly issue of the 'Agent Update' publication which includes summaries of recent changes and updates that have been announced. The document which is aimed at taxation and accountancy practitioners includes links to more detailed information on each of the topics covered.

The topics covered in the latest edition include the following:

  • COVID-19. A reminder that the GOV.UK portal includes details of all the various financial support and other measures available to employers, businesses and employees.
  • HMRC’s Basic PAYE Tools (BPT). The BPT has been updated to version 20.2 to include further guidance on Statutory Payments in the ‘Calculators’ section.
  • Tax rules on waiving your income or donating to charity. Employers, directors and employees have several options to support a business or employer and / or to make donations to charity.
  • Lifetime ISA rules change. A temporary reduction in the Lifetime ISA withdrawal charge to 20% is available from 6 March 2020 until 5 April 2021. This means account holders will only have to pay back any government bonus they have received but will not pay the additional withdrawal charge.
  • Agreed tax postponements automatically extended until the end of June 2020. HMRC has written to taxpayers whose tax payments had already been postponed due to COVID-19 issues, informing them that that the postponement has been extended to 30 June 2020.
  • End of year reporting. The deadline for reporting any Class 1A National Insurance contributions and submitting P11D and P11FD(b) forms to HMRC for the tax year ending 5 April 2020 is 6 July 2020.
  • Links to new Revenue & Customs Briefs.

Filed Under: Uncategorised

Recent News

  • Tax on an inherited private pension
  • IHT Main Residence Nil Rate Band
  • New IPO search facility
  • Tax and duties for goods sent from abroad

News Categories

  • Budget Summary
  • Business
  • Capital allowances
  • Capital Gains Tax
  • Construction Industry Scheme
  • Corporate Governance & Regulation
  • Corporation Tax
  • Duties
  • Employee Benefits
  • Employment & Payroll
  • Employment Law
  • Family Tax Credits
  • General
  • HMRC notices
  • Income Tax
  • Inheritance Tax
  • National Insurance
  • NIC & Pensions
  • Overseas personal tax issues
  • Overseas tax issues
  • Payroll
  • Pension
  • Personal
  • Practice News
  • Stamp Duty Land Tax
  • Tax credits
  • Tax Diary
  • Value Added Tax

About Us

Bespoke has a reputation for helping our clients make the most of their financial situations and in turn we have become a trusted extension of their business or family.

Bespoke assist with compliance requirements, providing specialist tax advice, and planning for now and the future.

Keep informed.
Sign up for our Topical Newsletter

Our FREE monthly newsletter will keep you up to date with the latest news related to the world of accountancy.

Register Here

Contact

Delta Place,
27 Bath Road, Cheltenham,
Gloucestershire, GL53 7TH
01242 505970
info@bespoketax.com

ICAEW Chartered AccountantsXERO Gold PartnerChartered Institute of TaxationMember of EISA

Copyright © 2021 · Bespoke Tax Accountants · Website by Culpepper & Co

.
This site uses cookies: Find out more.