HMRC guidance: 21 October 2020

HMRC’s recent guidance includes:

• Defer your Self Assessment payment on account due to coronavirus (COVID-19): updated to cover time to pay arrangements for deferred tax due on 31 January 2021 and how to reduce payments on account for 2020/21.
• Work out your rental income when you let property: updated to cover the cash basis and the let property campaign.
• Employer Bulletin Issue 86 (October 2020): including confirmation of the continuation of HMRC’s risk-based approach to RTI penalties for 2020/21.
• Stamp Taxes Newsletter for October 2020: covering the 2% SDLT surcharge for non-UK residents from 1 April 2021, how to correct errors on a return and HMRC guidance on paying CGT on property disposals.
• Check if you need a customs guarantee: guidance on when customs guarantees are required, covering the position from 1 January 2021.
• Money laundering guidance: updated guidance on risk assessments for different sectors (although the guidance for the accountancy sector has not yet been updated).