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Tax news from May 2020

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

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.