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Coronavirus and tax

Governments around the world have announced tax measures to support businesses and individuals in response to the COVID-19 pandemic. This page brings together guidance and news from ICAEW, as well as externally-produced resources that provide practical information on emerging tax issues.

Furlough and the Coronavirus Job Retention Scheme

Coronavirus Job Retention Scheme (CJRS)

Support on the CJRS, the government scheme to help businesses retain furloughed staff during the COVID-19 pandemic, including details of the data needed to apply and details of who isn't covered.

Self-employment Income Support Scheme (SEISS)

Business rates

Employment taxes

ICAEW guidance

News and announcements

VAT

Business taxes

COVID-19: Pragmatic approach to corporate residence

14 April 2020: Businesses based outside the UK, but forced to take decisions here due to travel restrictions shouldn’t become resident according to ICAEW’s Tax Faculty, after HMRC issues further guidance.

Personal taxes

A remarkable start to the tax year

24 April: The coronavirus pandemic has ripped up convention in every element of daily life, and the UK tax system has been no exception. Read a round-up of the key announcements, deferrals and changes.

Tax treatment of employees working from home

Updated 11 March 2020: Sarah Bradford of Writetax Ltd considers the tax treatment of employees working from home. She explores the provision of equipment, household expenses, tax relief and good practice, among other things.

Tax credits and benefits

COVID-19: increased support available through tax credits and universal credits

Updated 1 April 2020: the government has announced measures to support the incomes of employees and the self-employed but some will not be eligible for these schemes. For those that do not qualify the government has made some changes to the support available through working tax credits and universal credit which will provide some help.

Tax compliance and communicating with HMRC

ICAEW guidance

Managing tax compliance during the COVID-19 crisis

23 March 2020: to help businesses weather the impact of coronavirus, ICAEW Tax Faculty has put together a Q&A on the basic rules of managing disputes with HMRC when navigating the ramifications of COVID-19.

COVID-19: Support on negotiating time to pay

18 March 2020: as the Tax Faculty seeks further clarification from HMRC on the support for businesses which are having difficulty paying tax bills due to COVID-19, it shares useful tips on how to negotiate with HMRC.

News and announcements

COVID-19: HMRC extends deadline for appeals

11 May: Taxpayers may have an additional three months to appeal HMRC decisions or penalties where the usual 30-day deadline cannot be met due to the coronavirus pandemic.

SEISS: an update before applications open

11 May: Before the Self-employment Income Support Scheme (SEISS) portal opens for applications, the Tax Faculty provides some updates and reminders covering: the eligibility checker, reviewing grants and HMRC support options.

Final call for 2018/19 Tax Returns to qualify for SEISS

22 April: ICAEW is reminding members that self-assessment tax returns for 2018/19 must be submitted by 23 April to ensure eligibility for the Self Employment Income Support Scheme (SEISS), as it shares the latest guidance in a webinar.

HMRC's latest updates for agents

20 April: ICAEW’s Tax Faculty highlights current issues and reminders for agents, including: non-resident landlords, quarterly instalment payments, tax credit renewals, child benefit claims, ATED and the construction industry scheme.

External resources

Employment Taxes: An introductory guide to the tax implications of working from home and other related expenses and benefits

CIOT

Guide produced by the Chartered Institute of Taxation (CIOT) to help employees and employers understand the tax implications of working from home during the coronavirus COVID-19 pandemic. It discusses employer payments towards additional household costs, employees' un-reimbursed household and equipment costs, employer's provision of assets, employer's expenses reimbursements, employee travel expenses, and other tax exemptions that may be relevant during the COVID-19 crisis.

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