The government has bowed to pressure to address the additional costs of working from home during the coronavirus crisis, and has announced a temporary tax exemption and National Insurance disregard to ensure that home office equipment purchase by employees will not attract tax and NICs liabilities where reimbursed by the employer

Two thirds of SMEs may not be able to pay their deferred tax liabilities in six months’ time, while many are still waiting to access government grants and loans, a poll by ACCA has found