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Tax | Covid-19: travel restrictions impact tax residence

Directors need to monitor carefully their location when making board meeting decisions to avoid an unintended taxable presence during the current lockdowns, say Stuart Sinclair and Serena Lee of law firm Akin Gump

30 Apr 2020

Tax | Covid-19: tax consultation deadlines extended

HMRC and the Treasury have set out revised timelines for tax policy consultations and other work in the light of the current Covid-19 crisis, in order to allow more time for feedback, but say that all planned reforms will still go ahead

29 Apr 2020

Tax | Covid-19: charities can claim gift aid on cancelled event tickets

HMRC has announced changes to help charities process refunds, collect donations and claim gift aid for events cancelled due to coronavirus

29 Apr 2020

Tax | Rayney on furlough - does it make sense for all businesses?

The Coronavirus Job Retention Scheme – based on the 80/20 approach as per the Pareto Principle – gives businesses an invaluable lifeline but they must follow the rules. Peter Rayney FCA CTA, our favourite tax expert and vice president of the Chartered Institute of Taxation (CIOT), examines the potential pitfalls of the emergency covid-19 furlough rules

24 Apr 2020

Tax | HMRC loses latest round of £1bn Zipvit VAT case at Supreme Court

With £1bn at stake in disputed VAT, the Zipvit VAT case over whether a mail order trader is entitled to make input VAT deductions, could have far reaching implications for online businesses now it is heading to the EU Court of Justice. Philip Smith reports

23 Apr 2020

Tax | Denmark and Poland ban covid-19 grants for multinationals based in tax havens

Denmark and Poland are the first EU countries to refuse to pay taxpayer funded grants to giant multinationals with head offices registered in tax havens, reports Pat Sweet

22 Apr 2020

Tax | Covid-19: Branson told BVI lockdown hideaway not a collateral asset

Multimillionaire Sir Richard Branson has been told that the government is not prepared to hand out a £500m bailout loan for Virgin Atlantic, the airline in which he owns a minority 20% stake, with majority shares held by EU and US owned carriers

22 Apr 2020

Tax | Top tips: furlough and the Coronavirus Job Retention Scheme

HMRC announced on Wednesday 15 April that the eligibility cut-off date for the Coronavirus Job Retention Scheme is now 19 March 2020 (originally this date was 28 February 2020). Here our Croner Taxwise experts explain the intricacies of the furlough scheme

21 Apr 2020

Tax | HMRC emails two million eligible businesses login details for furlough portal

The government has sent personalised emails to an estimated two million eligible employers who operate PAYE systems with final details about how the furlough claim scheme will work and what employer reference codes will be required, with a step by step guide to how to use the furlough claim portal. Sara White reports

20 Apr 2020

Tax | Government extends furlough end date to 30 June at £50bn cost

The three-week lockdown announced yesterday has now been accompanied by a government confirmation that the Coronavirus Job Retention Scheme furlough rules or 80/20 rules, will be extended to 30 June with a potential price tag of £50bn, reports Sara White

17 Apr 2020

Tax | Furlough start date extended to 19 March

The government has extended the start date for eligibility for furlough to 19 March from original 28 February meaning 200,000 more people can benefit, reports Sara White

15 Apr 2020

Tax | Salary sacrifice schemes can be changed as covid-19 ‘life event’

HMRC has updated its guidance for employers who offer salary sacrifice schemes in light of the current coronavirus pandemic, declaring Covid-19 (C19) to be a ‘life event’ and so a reason to make a change in previous arrangements

15 Apr 2020

Tax | Covid-19: HMRC suspends enquiries into taxpayers

HMRC is relaxing parts of its regime for investigating taxpayers and businesses it believes may have under-reported tax liabilities correctly, but individuals and firms have been warned not to be lulled into a false sense of security, reports Pat Sweet

14 Apr 2020

Tax | Covid-19: HMRC clarifies income and trading profit calculation for self-employed support

HMRC has published guidance on how it will work out total income and trading profits for the income support scheme, designed to provide help for the self-employed and members of partnerships who have lost profits due to coronavirus

14 Apr 2020

Tax | Covid-19: HMRC clarifies MTD for VAT deferral reporting

HMRC has issued detailed guidance in updated VAT Notice 700/22 setting out the process for deferring VAT filings by three months under Making Tax Digital

14 Apr 2020

Tax | Covid-19: make sure you register for child benefit for new babies

Parents of new-borns are still able to claim child benefit, the universal payment for all children, although they are unable to register their baby’s birth due to the coronavirus pandemic, but remember to factor in the high income child benefit tax charge

9 Apr 2020

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Tax Services

Latest news

Tax | Covid-19: travel restrictions impact tax residence

Tax | Covid-19: tax consultation deadlines extended

Tax | Covid-19: charities can claim gift aid on cancelled event tickets

Tax | Rayney on furlough - does it make sense for all businesses?

Tax | HMRC loses latest round of £1bn Zipvit VAT case at Supreme Court

Tax | Denmark and Poland ban covid-19 grants for multinationals based in tax havens

Tax | Covid-19: Branson told BVI lockdown hideaway not a collateral asset

Tax | Top tips: furlough and the Coronavirus Job Retention Scheme

Tax | HMRC emails two million eligible businesses login details for furlough portal

Tax | Government extends furlough end date to 30 June at £50bn cost

Tax | Furlough start date extended to 19 March

Tax | Salary sacrifice schemes can be changed as covid-19 ‘life event’

Tax | Covid-19: HMRC suspends enquiries into taxpayers

Tax | Covid-19: HMRC clarifies income and trading profit calculation for self-employed support

Tax | Covid-19: HMRC clarifies MTD for VAT deferral reporting

Tax | Covid-19: make sure you register for child benefit for new babies