UK Tax Intelligence
The week in UK tax.
Curated from 120+ sources. Every Friday morning.
HMRC has published guidance on the temporary approval process for tax agents unable to complete standard authorisation. Practitioners must understand this alternative pathway to maintain client representation during the agent registration transition.
MTD for Income Tax mandate approaches Q1 2024 deadline for eligible self-employed and partnership tax returns. Practitioners must ensure client systems and processes are MTD-compliant to meet the mandatory filing obligation.
This guidance sets out which customs procedure codes cannot be used with simplified import/export declaration procedures under the Customs Declaration Service. Practitioners handling cross-border goods movements need to understand these exclusions to ensure compliant customs filings.
This guidance specifies the Additional Procedure Codes (APCs) used in customs clearance requests, which determine how imported goods are processed and what duties/VAT apply. Practices handling import/export compliance need to understand these codes to correctly classify goods and complete customs documentation.
63% of accounting firms failed AML compliance checks in the past year, indicating widespread deficiency in anti-money laundering controls. Practices face heightened regulatory scrutiny and potential enforcement action if AML obligations are not remediated.
HMRC has published guidance on the Aggregates Levy, a tax on commercially extracted sand, gravel, and rock. Practitioners must ensure clients subject to this levy understand their registration, filing, and payment obligations.