No immediate deadline for making CJRS claims for July

28 August: HMRC has emphasised that claims for grants under the Coronavirus Job Retention Scheme (CJRS) for the period 1 to 31 July, do not have to be made by the end of August.

EA and CJRS interaction remains unclear

27 August 2020: Further clarity is being sought from HMRC for cases where the secondary NIC an employer can offset using employment allowance (EA) includes amounts for which CJRS grants have been claimed.

Proposals for tackling CIS abuse ‘disproportionate’

27 August: HMRC’s plans to tackle abuse of the construction industry scheme (CIS) would create a burden disproportionate to the relatively small amount of revenue at stake and affect many compliant businesses, ICAEW has warned.

R&D credit cap may hamper genuine claims, but not stop fraud

27 August 2020: ICAEW has raised concerns that some genuine research and development (R&D) businesses could be impacted by proposals to tackle tax relief abuse, while its unclear how the measures will tackle low-value fraudulent claims.

ICAEW queries need for ‘uncertain tax treatment’ reports

27 August 2020: ICAEW has questioned whether a new regime requiring large corporates to disclose tax uncertainties is necessary and warns it could lead to over reporting and increased administration.

CJRS: Employers urged to get their data right

26 August: Employers may face delays to claims for grants under the Coronavirus Job Retention Scheme (CJRS) as format issues could see bulk upload files rejected.

Access to Bloomsbury Professional titles broadened

24 August: ICAEW members working in business and non-profits, and those who are unemployed, have been given access to more than 60 tax and accountancy titles from Bloomsbury until the end of October.

HMRC extends CGT 30-day reporting functionality

20 August 2020: Capital gains on UK residential property need to be reported within 30 days of completion. HMRC has now updated its system to allow reports of second and subsequent disposals to be made online.

HMRC reminds employers of PAYE and CJRS deadlines

18 August 2020: ICAEW’s Tax Faculty provides a rundown of some of the latest updates for employers from HMRC, including a reminder that August's deadline for electronic PAYE payments is a Saturday, so organisations need to double check payments will clear in time.

HMRC commences CJRS compliance activity

18 August: HMRC has stepped up its compliance activity on Coronavirus Job Retention Scheme grants, writing to 3,000 employers who may need to repay some or all of their claim.

P11D and P11D(b): HMRC’s penalty warning letters

18 August: ICAEW’s Tax Faculty explains why employers and agents who have submitted forms P11D and P11D(b) on time are receiving penalty warning letters from HMRC.

Engage early with HMRC on tax debts, says ICAEW

18 August: Two new publications from HMRC outline its approach to collecting tax debt and highlight the importance of early discussions with debt management when problems are anticipated.