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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.

More on this topic

Latest tax news

Estimated tax gap falls to £32bn

HMRC figures released for the pandemic period of 2020/21 show the tax gap held steady at 5.1% in percentage terms, but fell by £2bn in real terms as theoretical tax liabilities fell. ICAEW’s Tax Faculty looks at the key data.

Business rates

Employment taxes

Tax news in brief

Highlights from the broader tax news for the week ending 16 March 2022, including: guidance for businesses who continued to use the Lennartz mechanism; and a warning from HMRC about sharing personal information.

Tax news in brief

Highlights from the broader tax news for the week ending 9 March 2022, including: HMRC guidance on new power; HMRC payments; refunds of VAT wrongly charged; freeport tax site designation; QAHC guidance; new VAT regulations; HMRC webinars; guidance for employers paying overseas tax; and COVID travel easement ending.

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

Highlights from the broader tax news for the week ending 16 March 2022, including: guidance for businesses who continued to use the Lennartz mechanism; and a warning from HMRC about sharing personal information.

Tax news in brief

Highlights from the broader tax news for the week ending 9 March 2022, including: HMRC guidance on new power; HMRC payments; refunds of VAT wrongly charged; freeport tax site designation; QAHC guidance; new VAT regulations; HMRC webinars; guidance for employers paying overseas tax; and COVID travel easement ending.

Tax news in brief

Highlights from the broader tax news for the week ending 12 January 2022, including: an updated process for HMRC’s Employer Helpline; HMRC’s review of input tax recovery for charging electric vehicles; and the cessation of two temporary COVID-related measures.

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.

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

Tax credits and benefits

Tax news in brief

Highlights from the broader tax news for the week ending 10 November, including: a reminder that HMRC will no longer pay tax credits, child benefit or guardian allowances into Post Office card accounts from 1 December, an update from HMRC on how it's supporting taxpayers during COVID and confirmation that the UK-Swiss Convention on Social Security came into force on 1 November.

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

Estimated tax gap falls to £32bn

HMRC figures released for the pandemic period of 2020/21 show the tax gap held steady at 5.1% in percentage terms, but fell by £2bn in real terms as theoretical tax liabilities fell. ICAEW’s Tax Faculty looks at the key data.

Tax news in brief

Highlights from the broader tax news for the week ending 16 March 2022, including: guidance for businesses who continued to use the Lennartz mechanism; and a warning from HMRC about sharing personal information.

Tax news in brief

Highlights from the broader tax news for the week ending 9 March 2022, including: HMRC guidance on new power; HMRC payments; refunds of VAT wrongly charged; freeport tax site designation; QAHC guidance; new VAT regulations; HMRC webinars; guidance for employers paying overseas tax; and COVID travel easement ending.

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.

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