Tax updates 2020 part 2: business

In a round-up of the major business tax stories of the year, we look at non-coronavirus tax news, including SME R&D tax relief cap, IR35 reporting delay, Making Tax Digital (MTD) timetable for corporation tax, carbon emissions review and digital services tax

December 2020

HMRC eases deadlines for non-EU VAT refund claims

HMRC publishes details of measures to enable overseas businesses not established in the EU to claim VAT refunds in cases where paperwork is delayed

Total tax take for UK’s largest companies hits £84.1bn

UK’s biggest companies pay £84.1bn in tax during the 2019/20 financial year, the largest amount for a decade, in run-up to start of Covid-19 crisis, according to research by PwC for the 100 Group

UK urged to keep EU shopping tourism tax cut

UK does more to help tourism than other European countries, according to study by UHY, as UK tourists pay just 7.8% in tax on a typical daily spend compared to a European average of 11.3%

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Tax | VAT and PAYE payments will have to be made by direct debit

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Finance | Legal updates: danger of digital handshake via email in binding contracts

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December 2020

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