Helpsheet summarising sources of government support available to UK businesses affected by the coronavirus pandemic.
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).
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.
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.
12 May 2020: ICAEW’s Public Sector team outlines five actions the government could take to ensure more equality in the rebuilding of the economy and establish an improved, ‘new normal’ in society.
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.
Explore the major policy developments impacting the global profession that we are currently engaging on at a European level, working closely with ICAEW Faculties as well as through our membership of European associations, including Accountancy Europe and CFE Tax Advisers Europe.
5 May: HMRC’s decision not to allow agents to make claims on behalf of clients for the Self-employment Income Support Scheme (SEISS) is disappointing, but agents still have an important role, says ICAEW’s Tax Faculty.
4 May: HMRC has updated its guidance on the Self-employment Income Support Scheme (SEISS) which now includes an eligibility checker. HMRC has also started to contact eligible taxpayers.
ICAEW insights and guidance on tax, audit, financial reporting and other technical issues emerging from the coronavirus COVID-19 pandemic.
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