With the 2020/21 tax year drawing to an end, it’s a good time to ensure that you are minimising your tax liabilities by maximising your reliefs…
On 30 April 2018 HMRC issued an update on its work to prioritise digital engagement: it is pausing some work and stopping other projects to make room for the considerable work required on Brexit matters.
In particular, HMRC is intending to delay plans to introduce further digital services for individuals. This means that so-called ‘simple assessment’ and real time tax code changes will not be taken any further at the moment.
This does not impact on Making Tax Digital for Business which will continue on its current timetable (with VAT compliance mandated from 2019 and other taxes no earlier than 2020). HMRC has said it will also pause its work to digitise services that impact fewer numbers of customers, such as those paying inheritance tax, or applying for tax advantaged venture capital schemes and PAYE settlement agreements. However HMRC is still keen to encourage people to log-in to their personal tax accounts, as a gentle introduction to digital engagement with the tax authority.