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.
Latest tax news
The latest news about the UK's tax system brought to you by ICAEW's Tax Faculty.
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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.
26 March 2020: the following is our understanding of this policy and how this will work based on the information published up to and including 26 March. It should not be relied on for advice at this stage but is intended to give an indication of how the scheme will work.
25 March: ICAEW's Tax Faculty advises that, due to fewer advisers, HMRC has reduced opening hours on helplines.
24 March: Meeting the requirements of Making Tax Digital has cost some businesses and agents more than expected, HMRC has revealed, confirming independent research from ICAEW.
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.