HMRC makes further changes to Form P87
In May 2022 HMRC made Form P87 mandatory for employees claiming tax relief for job-related expenses unless they had already made a claim through self-assessment. What's it changed now?
Since May HMRC has made changes and with effect from 21 December 2022 certain information on the revised Form P87 must be provided or it will reject the claim. The information that must be included i
|
|
More information, including a link to the new version of Form P87 is available here. |
Related Topics
-
Unused sales suppression tools can still trigger penalties
HMRC has published a new compliance factsheet explaining the penalties that can apply where a business possesses an electronic sales suppression (ESS) tool, even if it has never actually been used to suppress a sale. What do you need to know?
-
Accounting for VAT if there is no cash payment
Your business has submitted repayment returns for the last two quarters and you are concerned that you might have underpaid output tax on some supplies where no money has changed hands. Are your concerns justified?
-
Treatment of distributions under review
The government has launched a consultation on modernising the tax treatment of distributions and repayments of capital by companies. The proposals could affect the distinction between dividends taxed as income and capital payments subject to CGT. What changes are being considered?