I've pretty much stopped visiting, although Making Tax Digital has dragged me back as this is about the only place I can find useful content. Yes, it's buried, but at least it's there.
I use AdBlocker Plus, which speeds things up considerably.
Further depressing thought - one of our partners suggested that MTD will not affect the tax department, it's an accounting thing. *sigh*
It is still open.
A very kind HMRC employee got in touch to let me know that a letterbox at Bournemouth (Holland House) is still available for post and is opened at 9am every day. I made the delivery in time!
I thought that it was still possible to deliver to a place where HMRC staff worked, even after all the enquiry centres closed (SAM120501 gives guidance about 31 October paper SA Returns)
I tried calling the agent helpline and although the did not say it was no longer possible, they couldn't tell me (as in didn't know) which offices were still occupied by staff.
The Red Book (page 99) states that "the government will legislate all non-dom reforms in Finance Bill 2017"
I also assumed it would be in the Bill published last month. I hope the draft legislation is all correct when they put it through next year.
Sorry, can't help with the VAT question!
Settlor's Tax Return
I believe they have finally caught up! I also now see 2 February, but it was definitely still 29 January when I posted earlier!
I've just had to google for HMRC contact details after an unsuccessful attempt at navigating the new website.
I didn't think it was possible for the new HMRC site to be as bad as it appears to be.
I used to check the "what's new" pages, but there seems to be less 'new' stuff that relates to income/corporation/cgt/IHT, or it's all divided up under different headings.
And as for the 'search' facility and having to scroll up and down the page...
Does anyone have anything positive to say about it or am I just suffering from January Tax Returns stress?!
A simple change to targets
A simple change to targets for us this year, instead of monitoring "Tax Returns to Client" we've been working with "Tax Returns submitted to HMRC".
Despite initial reservations and grumblings (on my part, to be fair) it's worked incredibly well. Staff are incentivised and actually asking if we will make the monthly targets to HMRC. They are looking for Returns that can be done quickly or complex ones to be done at the beginning of the month, so that queries can go out earlier in the hope of getting a response. They have also been more willing to chase up queries with clients.
....the forms to send to HMRC once registration is complete are not due to be submitted until May next year (I think!).
I don't think they have been published yet.
...is that if the portfolio is professionally managed on a discretionary basis (and there are no other assets, eg a house), providing the stockbroker agrees to act as the withholding agent, then there no requirement to register on-line. The stockbroker will disclose the trust's assets to the IRS as required.
The ICAEW/Law Society/STEP have produced a flowchart that sets out how to decide what the Trust 'is' and you need to know whether the trust is managed on a discretionary/advisory or execution only basis.
I have had to register a few trusts because they had other assets as well as the portfolios. Registration is actually painless if you are a Trustee, but you have to register each Trust separately. If you are an agent, you will need to ask the Trustee to register as there is a declaration by the Trustee in the registration process.
The IGA model that the UK has with the USA is 'similar to a 1' and so I ticked the model 1 option. You can always go back into the IRS account and change it.
Hope this helps!