The Cabinet Office has confirmed that the coronavirus job retention scheme applies to off-payroll contractors working for public sector organisations. Describing these individuals...
NHS suppliers will no longer have to pay customs duty and import VAT on specific medical goods coming from outside the EU, including ventilators, coronavirus testing kits and...
HMRC is concerned that promoters of tax avoidance schemes are targeting workers returning to the National Health Service (NHS) to help respond to the coronavirus outbreak.The...
HMRC has published its Digital Services Tax Manual. The new tax applies to businesses that offer a digital services activity. When revenues received in connection with that...
Statutory sick payHMRC has updated its guidance on how to deal with statutory sick pay for employees self-isolating as a result of Covid-19.tinyurl.com/zq7urd2Collaboration on...
The chancellor, Rishi Sunak, has announced a support package for self-employed workers. An outline follows.The scheme will allow individuals to claim a taxable grant worth 80% of...
Physical tax hearings before the First-tier Tribunal and Upper Tribunal have been postponed during the Covid-19 pandemic.In a message to the Chartered Institute of Taxation, Judge...
On 19 March, the Bank of England cut the base rate for the second time in a week, reducing it to 0.1%.In response, HMRC had decreased the interest charge on underpaid quarterly...
1 May 2020Payment of corporation tax liabilities for accounting periods ended 31 July 2019 for small and medium-sized companies not liable to pay by instalments.£10 daily...
Businesses that pay their VAT
by direct debit should cancel them as soon as possible in light of the chancellor’s
announcement that, during the coronavirus crisis, VAT...
HMRC has launched a new helpline for businesses concerned about paying their tax due to Covid-19. It replaces
the number launched a week ago.The number is available for
any...
The US Internal Revenue Service (IRS) has extended the federal income tax filing due date from 15 April 2020 to 15 July 2020. This is an automatic extension and applies to all...