In the light of the coronavirus pandemic and Brexit there will be two Budgets in 2020 and further significant announcements related to the UK’s fiscal policy. Here we have collated ICAEW’s recommendations to the Chancellor and our experts' reactions to announcements.

17 February 2020: the Government should use the Spring 2020 Budget as an opportunity to review the UK’s complex tax system and ensure the country remains attractive to overseas businesses, says the ICAEW Tax Faculty.

25 February 2020: the Financial Secretary to the Treasury has confirmed that the Finance Bill will be published on 19 March, eight days after the 2020 Budget.

The Finance Act 2019 received Royal Assent on 12 February 2019. It was originally introduced to Parliament as Finance (No.3) Bill 2018. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.

30 June: HMRC’s updated guidance highlights areas where corporate non-resident landlords (NRLs) need to take care around the transfer or disposal of property and the use of losses, highlights ICAEW.

Angela Clegg of the Tax Faculty provides pointers on the tax measures that businesses should consider following the COVID-19 lockdown. She covers cash flow, employment issues, working from home and tax governance, among other things.

ICAEW’s Tax Faculty explains why all ICAEW members need to be alert to their potential reporting obligations. Highlighting common misconceptions and answering frequently asked questions about the regime.

An introduction to DAC6 including what DAC6 is; who it affects; what type of arrangements will be caught; what the reporting requirements are and the potential penalties.

A response dated 10 October 2019 to a consultation in particular the draft guidance and legislation published by HMRC on 22 July 2019.

8 July: Employers who retain staff for three months after the furlough scheme ends will receive £1,000 government ‘bonus’ for each employee, the Chancellor has announced.

3 Jul 2020: An ICAEW poll has found that accountants consider a cut in VAT rates to be the most effective way of boosting the UK economy following the coronavirus crisis.

30 June: HMRC’s latest employer bulletin contains several reminders to stop firms falling behind with standard obligations during the coronavirus pandemic, such as suffixing “2013” to the reference when paying 2019/20 Class 1A NIC.

29 June: The government has tabled a further series of amendments to the Finance Bill 2020 ahead of its report stage this week. ICAEW’s Tax Faculty provides a summary of the changes and urges further amendments to the clause modifying the statutory residence test in light of COVID-19.

25 June: The UK government is deferring the first reporting deadlines under DAC6 for six months, in light of the impact of the coronavirus pandemic on businesses.

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.

Updated 9 July: Businesses failing to comply with MTD for VAT are hampered by a lack of skills and information, suggests HMRC commissioned research. Lack of urgency and concerns over costs are also factors.

15 June: HMRC is restarting communications to businesses that it thinks should have signed up to Making Tax Digital (MTD) for VAT but have not done so.

15 June: The deferral of VAT payments due to coronavirus comes to an end on 30 June and businesses need to take action to reinstate their direct debit mandates, reminds ICAEW’s Tax Faculty.

8 June: HMRC is calling on accountants in practice to contribute to the design of agent services for MTD for income tax.

A deep-dive into the intricacies and practicalities of working out the inheritance tax of a wind farm.

8 July: Employers who retain staff for three months after the furlough scheme ends will receive £1,000 government ‘bonus’ for each employee, the Chancellor has announced.

Professional Conduct in Relation to Taxation (PCRT) has been updated making it easier to navigate with a new digital structure. This edition is effective from 1 March 2019.

Professional Conduct in Relation to Taxation (PCRT) has been updated making it easier to navigate with a new digital structure. This edition is effective from 1 March 2019.

8 July: No SDLT on houses up to £500,000 in England and Northern Ireland, VAT cut to 5% to support hospitality and a £1,000 bonus for retaining furloughed employees were the headline tax changes in the Chancellor’s Summer Statement

8 July 2020: The Chancellor has cut stamp duty land tax (SDLT) to encourage confidence in the residential property market following the coronavirus lockdown.

8 July: No SDLT on houses up to £500,000 in England and Northern Ireland, VAT cut to 5% to support hospitality and a £1,000 bonus for retaining furloughed employees were the headline tax changes in the Chancellor’s Summer Statement

Updated 5 June: Homeowners in England and Northern Ireland unable to sell their home within three years of purchasing a replacement property due to the coronavirus pandemic may still claim a stamp duty land tax (SDLT) refund.

HMRC contact information, including telephone numbers, online options and postal addresses, together with tips.

Taxing business properties form an important part of the tax base for many countries, but they are often complex and in an increasingly online world can be irrelevant to an organisation’s turnover. The time has come to overhaul business property tax systems and here ICAEW outlines the options.

Is hypothecation - assigning particular tax revenues to a specific public policy goal - a good thing? Read Ian Young's article presenting the facts and then decide.

Anita Monteith of ICAEW’s Tax Faculty explains how to account for trades in the sharing economy, specifically how tax and national insurance work in the gig economy

8 July: No SDLT on houses up to £500,000 in England and Northern Ireland, VAT cut to 5% to support hospitality and a £1,000 bonus for retaining furloughed employees were the headline tax changes in the Chancellor’s Summer Statement

8 July: VAT on eating out, accommodation and tourist attractions will be cut to 5% to help the UK’s hospitality sector recover from the impacts of the coronavirus pandemic.

3 Jul 2020: An ICAEW poll has found that accountants consider a cut in VAT rates to be the most effective way of boosting the UK economy following the coronavirus crisis.

Updated 9 July: Businesses failing to comply with MTD for VAT are hampered by a lack of skills and information, suggests HMRC commissioned research. Lack of urgency and concerns over costs are also factors.