ICAEW.com works better with JavaScript enabled.

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.

More on this topic

Latest tax news

COVID support schemes coming to an end

On 30 September a range of government support packages to help businesses and individuals through the coronavirus pandemic will come to an end or change, including the furlough scheme and reduced SDLT rates in England. ICAEW insights provides a reminder of the changes.

Tax news in brief

Highlights from the broader tax news week ending 22 September, which includes: upcoming deadlines for final claims for SEISS grants and for bulk appeals of late-filing penalties, as well as additional HMRC support on reporting coronavirus support grants on CT600s.

Business rates

Employment taxes

NIC Bill confirms reliefs for Freeports and broadening of DOTAS

The government has published the National Insurance Contributions Bill, which legislates reliefs for employers of veterans and those operating in Freeports, as well as for the self-employed isolating due to COVID-19. The Bill will also enable upcoming changes to the DOTAS scheme to apply to national insurance avoidance.

VAT

Tax news in brief

9 December 2020: Highlights from the broader tax news this week includes: deadline for businesses to join VAT deferral new payment scheme and an extension for overseas firms to provide the certificate necessary to make a VAT refund claim.

Business taxes

Personal taxes

Tax news in brief

Highlights from the broader tax news week ending 11 Aug, which includes: new guidance from HMRC on reporting COVID-19 support grants and payments, a reminder for taxpayers to check eligibility for the marriage allowance and HMRC's August Employer Bulletin which confirms end date for special coronavirus arrangements with the EU.

Tax news in brief

Highlights from the broader tax news week ending 24 March, which includes: new support on the tax treatment of paying employee transport costs due to COVID-19, an error in CWG5 and a reminder of self-assessment payment deadline.

Finance Bill 2020 – Report stage amendments

29 June: The government has tabled a further series of amendments to the Finance Bill 2020 ahead of its report stage this week. ICAEW’s Tax Faculty provides a summary of the changes and urges further amendments to the clause modifying the statutory residence test in light of COVID-19.

Property taxes

COVID support schemes coming to an end

On 30 September a range of government support packages to help businesses and individuals through the coronavirus pandemic will come to an end or change, including the furlough scheme and reduced SDLT rates in England. ICAEW insights provides a reminder of the changes.

Tax credits and benefits

COVID support schemes coming to an end

On 30 September a range of government support packages to help businesses and individuals through the coronavirus pandemic will come to an end or change, including the furlough scheme and reduced SDLT rates in England. ICAEW insights provides a reminder of the changes.

COVID-19: Support through the benefits system

Updated 1 April: ICAEW members may need to help clients, friends or family to access support through the benefits system during the coronavirus outbreak. Benefits may be something on which they would not usually advise. The Tax Faculty has created this basic guide on which benefits to consider, together with sources of support.

Tax compliance and communicating with HMRC

Tax news in brief

Highlights from the broader tax news week ending 22 September, which includes: upcoming deadlines for final claims for SEISS grants and for bulk appeals of late-filing penalties, as well as additional HMRC support on reporting coronavirus support grants on CT600s.

HMRC’s performance during an exceptional year

Ahead of its full annual report, HMRC has published performance statistics for 2020/21. ICAEW acknowledges what HMRC has achieved in its response to the pandemic while noting that concerns over performance persist which suggests that there are fundamental problems.

NIC Bill confirms reliefs for Freeports and broadening of DOTAS

The government has published the National Insurance Contributions Bill, which legislates reliefs for employers of veterans and those operating in Freeports, as well as for the self-employed isolating due to COVID-19. The Bill will also enable upcoming changes to the DOTAS scheme to apply to national insurance avoidance.

External resources

Summary of existing economic support

A comprehensive summary of government schemes and grants available to support jobs, the self-employed, businesses, local authorities and families impacted by COVID-19. Published on 8 January 2021.

* Some of the content on this web page was provided by the Chartered Accountants’ Trust for Education and Research, a registered charity, which owns the library and operates it for ICAEW.