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Tax news from May 2020

Latest news on the UK tax system, brought to you by the ICAEW Tax Faculty.

Flexible furlough from 1 July under revised CJRS

29 May: Changes to the Coronavirus Job Retention Scheme (CJRS) will apply a month earlier than expected. From 1 July the scheme will allow part-time working, but staff must have been furloughed by 10 June to be eligible.

COVID-19: Second lump sum for self-employed

29 May: The Chancellor has announced a second and final grant to the self-employed who are eligible for the Self-employment Income Support Scheme (SEISS), to be capped at £6,570.

HMRC to repay VAT on gaming machines

26 May: HMRC has published guidance outlining how businesses can reclaim overpaid VAT from the historical operation of some gaming machines. In April, the Upper Tribunal dismissed HMRC’s appeal in two long-running VAT cases where claimants argued that to charge standard rate VAT on the operation of specific types of gaming machines was a breach of ‘fiscal neutrality’.

SEISS: How to request a review of entitlement

18 May: Following the launch of the Self-employment Income Support Scheme (SEISS) the Tax Faculty provides guidance on how taxpayers and their agents can request a review of grant entitlement.

COVID-19: Childcare support criteria relaxed

13 May 2020: The UK government is temporarily relaxing the eligibility criteria for tax-free childcare and 30 hours free childcare to support working parents during the coronavirus pandemic.

SEISS claims portal opens

13 May: The Self-employment Income Support Scheme (SEISS) has opened for claims with payments expected by 25 May. Initial reports to ICAEW’s Tax Faculty indicate that the process is straightforward.

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