22 May: Confirmation on what training furloughed employees can undertake and the eligibility of TUPE staff has been made in new legislation on the CJRS. The Tax Faculty outlines the changes.
Tax news from May 2020
Latest news on the UK tax system, brought to you by the ICAEW Tax Faculty.
21 May: Homeowners in Scotland temporarily have three years to sell their home after buying a replacement property and claim a refund of land and buildings transaction tax (LBTT).
19 May 2020: Small employers and their tax agents will be able to submit claims for rebates of statutory sick pay linked to coronavirus from 26 May, HMRC has confirmed.
18 May: In line with its updated guidance on appealing penalties, HMRC has amended its commentary on DAC6 to clarify how 'reasonable excuse’ will apply in relation to the coronavirus pandemic.
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.
May 14: A sharp reminder has been circulated by HMRC asking agents not to use client Government Gateway credentials to claim the SEISS grant on their behalf.
14 May: Organisations reimbursing staff for equipment purchases enabling them to work from home during the coronavirus pandemic will not have to pay tax, confirms Treasury minister.
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.
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.
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.
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.
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.
11 May: HMRC has updated its guidance on when taxpayers have a reasonable excuse for late filing of returns or late payment of tax to include being affected by coronavirus.
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.
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.