Corporate Interest Restriction (CIR) legislation became effective from 1 April 2017 and applies to corporate entities. HMRC has developed an Application Programming Interface (API) for submitting Interest Restriction Returns (IRR) and for reporting company appointments and revocations. This will be available for use from June 2021.
Agent Update 84 is available now and contains the latest articles, updates, help and support for the entire agent community.
This week, we would like to talk about tax on offshore gains and income. We want to hear your views on how HMRC can tackle the tax gap on offshore income and gains. You can tell HMRC what you think by emailing firstname.lastname@example.org at any point before 15th June.
Following our previous update in December, we have continued our work on helping customers better understand what to expect during a compliance check.
We have now added a new video ‘Help if you can’t pay your tax bill’ to our compliance checks video series.