How is taxation evolving as we emerge from crisis planning and into recovery?
Don't miss out on our daily summary of the actions governments are taking to combat the impact of the virus on their populations and the global economy. We also produce daily summaries of the actions that regulators are taking and how global business and markets are recovering from the pandemic.
28 October: The digitalisation of tax offers significant potential benefits for taxpayers and agents, as well as administrations, but these will not be achieved without collaboration agree industry experts at the Wyman Symposium.
20 October 2020: With the Brexit transition deadline looming, HMRC is sending letters to all VAT-registered businesses within Great Britain that trade with the EU and/or the rest of the world.
20 October: The road to enable agents to see and do everything their MTD clients can before April 2023 is under construction says Roy Wallace, HMRC’s Director of Making Tax Digital.
30 September 2020: As the Brexit transition period nears its end, businesses in the UK and EU face a number of VAT issues that need to be addressed, says indirect tax expert Stephen Dale, FCA.
10 September: It’s now a matter of months before Britain transitions out of the EU. It could prove challenging and costly for businesses that aren’t prepared.
The government’s 10-year strategy for the UK’s tax system provides more time for HMRC to work with stakeholders in implementing policy, confirms Cerys McDonald, its Director of Tax Strategy.
The coronavirus pandemic has accelerated the introduction of wide-ranging global tax reforms.
15 September: While the government’s business rates consultation is positive news, it must listen carefully and act swiftly to minimise business failures once reliefs end next year, according to ICAEW.
Angela Clegg of the Tax Faculty provides pointers on the tax measures that businesses should consider following the COVID-19 lockdown. She covers cash flow, employment issues, working from home and tax governance, among other things.