News and Updates
An update blog for Agents/Intermediaries on how to attain a Duty Deferment Account (DDA). Duty Deferment is the main payment method for customs and excise duty. It can also be used to pay import VAT. Having a duty deferment account lets you defer payments for customs duty, excise duty and import VAT and make monthly payments to HMRC through Direct Debit, instead of paying for individual consignments immediately at import, or when released from a duty suspensive procedure such as customs warehousing or excise warehousing.
Agent Update 89 is available now and contains the latest articles, updates, help and support for the entire agent community.
Agent Update 88 is available now and contains the latest articles, updates, help and support for the entire agent community.
HMRC is changing the way that it will be receiving Corporate interest Restriction Returns and is introducing 4 new Application Programming Interfaces (API)
Corporate Interest Restriction (CIR) applies to corporate entities and aims to restrict a group’s deductions for interest expense and other financing costs for Corporation Tax purposes
Agent Update 87 is available now and contains the latest articles, updates, help and support for the entire agent community.
The government published draft legislation to be included in Finance Bill 2021-22 today, alongside a number of consultation responses, consultations and various tax policy announcements.
Agent Update 86 is available now and contains the latest articles, updates, help and support for the entire agent community.
The Extended Loss Carry Back measure announced at Budget enables companies to make claims to carry back losses for a further two years than current rules allow. This temporary extension applies for losses arising in accounting periods ending between 1 April 2020 and 31 March 2022.
Agent Update 85 is available now and contains the latest articles, updates, help and support for the entire agent community.
HMRC’s work has been at the centre of the government’s response to COVID-19. Whether that’s by administering the support schemes, changing our operational approach or through more than 80 other policy changes.
