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Tax news from May 2020

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

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.

Government stretches furlough scheme to October

12 May: The Chancellor has extended the government’s Coronavirus Job Retention Scheme until the end of October and announced the introduction of new ‘part-time’ furlough flexibility from August.

Delay to DAC6 exchange of information

11 May: European Commission (EC) proposes three-month postponement of the exchange of information under the Directive on Administrative Cooperation (DAC6) due to the coronavirus.

COVID-19: HMRC extends deadline for appeals

11 May: Taxpayers may have an additional three months to appeal HMRC decisions or penalties where the usual 30-day deadline cannot be met due to the coronavirus pandemic.

SEISS: an update before applications open

11 May: Before the Self-employment Income Support Scheme (SEISS) portal opens for applications, the Tax Faculty provides some updates and reminders covering: the eligibility checker, reviewing grants and HMRC support options.

New government gateway ID process for SEISS

6 May: HMRC has updated the process for obtaining a government gateway ID for the Self-employment Income Support Scheme (SEISS). ICAEW’s Tax Faculty clarifies what is needed.

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