27 March: ICAEW has been inundated with queries around how businesses should manage communications with HMRC in light of the new restrictions. The Tax Faculty has put together this update on where HMRC is now accepting digital communications.
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.
26 March 2020: the Government is expected to announce measures to support the self-employed through the current crisis on Thursday 26 March 2020. In the meantime, it has made some changes to the support available through working tax credits and universal credit which will provide some help to the self-employed.
Updated March 27: The UK government is supporting businesses during the coronavirus pandemic by deferring VAT and self assessment payments. ICAEW's Tax Faculty outlines how the proposed action will work.
25 March: ICAEW's Tax Faculty advises that, due to fewer advisers, HMRC has reduced opening hours on helplines.
24 March: ICAEW's Tax Faculty is urging members not to forget the marriage allowance and the potential support it could offer couples in these uncertain times.
20 March: The number of days a person spends in the UK is critical in determining tax residence, but HMRC may be sympathetic during the COVID-19 pandemic. ICAEW's Tax Faculty gives an overview of the situation.
Updated 25 March: First tier tribunal tax proceedings have been put 'on hold' in light of the COVID-19 pandemic.
20 March: 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.
19 March 2020: we anticipate and hope that HMRC will apply a more relaxed approach in the way it interacts with ordinarily complaint businesses who are facing difficulties as a result of COVID-19. However, an understanding of the basic rules around managing disputes with HMRC will be helpful when navigating the ramifications of COVID-19. The Tax Faculty share questions that may be useful to consider.
19 March 2020: business must keep track of losses resulting from coronavirus to ensure they can claim maximum reliefs and survive the pandemic, says ICAEW.
19 March 2020: funds for small employers and a dedicated statutory sick pay for coronavirus may be needed to deliver the government’s pledge of pay from day one.
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.
18 March 2020: changes to the off-payroll working regime will not take effect until April 2021 due to the coronavirus pandemic, HMRC confirms.
17 March 2020: ICAEW’s Tax Faculty is urging qualifying businesses to ensure that they keep records of statutory sick pay as evidence for future reclaims from the government.
Updated 26 March 2020: A dedicated HMRC helpline for businesses and self-employed individuals who have difficulty with paying their tax due to COVID-19 has gone live.
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.
Regular bulletins compiling information on tax measures by jurisdiction in response to COVID-19.