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Make time to pay arrangements online and avoid calling HMRCTaxpayers that cannot pay their tax bill on time can set up a time to pay arrangement with HMRC. ICAEW’s Tax Faculty highlights the circumstances when this can be done online for self-assessment and employers' PAYE.Setting up a time to pay arrangement online for self assessment (SA) has been possible for several years. The limit increased from £10,000 to £30,000 in October 2020. The ability to create an online time to pay arrangement was extended to employers' PAYE in December…

How to avoid losing access to your agent account'Failing to respond to an innocuous looking letter from HMRC can end up with your agent account being blocked.'HMRC periodically writes to agents to ask them to confirm who supervises them for anti-money laundering (AML) regulation purposes. It is not clear what triggers this check but it might be an instance such as a change of agent address.The letter includes a questionnaire to be completed and returned to HMRC. The completed questionnaire must be accompanied by a letter of confirmation from…

Register of Overseas Entity deadline approaching!Overseas entities that own land or property in the UK are required to declare their beneficial owners by 31 January 2023.As part of the Economic Crime (Transparency and Enforcement) Act 2022, certain entities will need to be registered on the Register of Overseas Entities (ROE) by 31 January next year (2023).Broadly, this includes overseas entities that already own or lease land or property in the UK. It also includes entities that want to purchase or sell land or property in the UK. Affected entities…