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.

17 November 2020: Draft legislation confirms a new cap to reduce the number of fraudulent claims for research and development tax credits by SMEs, largely in line with consultation proposals.

13 November: HMRC has published draft Finance Bill legislation to tighten up the construction industry scheme (CIS).

12 November 2020: HMRC has published the long-awaited consultation on Making Tax Digital for corporation tax (MTD for CT), confirming its plans for rolling out MTD. Meanwhile, consultation on more timely payment and the tax administration framework has been delayed to Spring 2021.

12 November 2020: The UK government is extending the £1m annual investment allowance cap for a further year in a bid to stimulate investment.

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A response dated 10 October 2019 to a consultation in particular the draft guidance and legislation published by HMRC on 22 July 2019.

19 November: Legislation will come into force on 8 December providing a temporary exemption from income tax and national insurance on coronavirus antigen tests provided to employees.

18 November 2020: Annual PAYE schemes often meant that furloughed directors were excluded from the original Coronavirus Job Retention Scheme (CJRS). ICAEW’s Tax Faculty looks at whether they will be eligible under the third scheme.

17 November: ICAEW’s Tax Faculty is reminding employers that they risk impacting the universal credit claims of their staff if they do not report the contractual pay date in December’s full payment submission (FPS).

21 October 2020: UK digital services tax will continue for longer than originally anticipated after OECD decision to extend discussions until mid-2021 ICAEW’s Tax Faculty reports.

6 October 2020: ICAEW’s Tax Faculty is urging members not to be complacent ahead of 30 January 2021 reporting deadline for the new complex, EU disclosure regime.

12 November 2020: HMRC has published the long-awaited consultation on Making Tax Digital for corporation tax (MTD for CT), confirming its plans for rolling out MTD. Meanwhile, consultation on more timely payment and the tax administration framework has been delayed to Spring 2021.

10 November: In its Annual Reports for 2019/20, HMRC has confirmed that resource issues in the first half of the year and the impact of coronavirus starting in March meant it struggled to meet service targets, but tax revenues increased.

A new requirement to report and pay capital gains tax on disposals of UK residential property within 30 days of completion was introduced in April 2020. ICAEW’s Tax Faculty summarises the requirements.

19 November: Legislation will come into force on 8 December providing a temporary exemption from income tax and national insurance on coronavirus antigen tests provided to employees.

19 November: HMRC is urging taxpayers to beware of contact from potential fraudsters and to report any suspicious messages as the self assessment deadline approaches.

28 July: Fewer trusts will be within the scope of the expansion of the Trust Registration Service (TRS) than originally proposed, but the 30-day deadline for new trust registrations and rules granting third-party access to data remain unchanged.

In March 2018, CCAB (The Consultative Committee of Accounting Bodies) published Anti-Money Laundering Guidance for the Accountancy Sector. It is aimed at all entities providing audit, accountancy, tax advisory, insolvency or related services such as trust and company services, by way of business.

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.

A new requirement to report and pay capital gains tax on disposals of UK residential property within 30 days of completion was introduced in April 2020. ICAEW’s Tax Faculty summarises the requirements.

11 November: While targeted measures could provide greater clarity and improve the administration of capital gains tax (CGT), the current regime is fit for purpose, ICAEW tells Office of Tax Simplification (OTS).

4 November: Alongside outlining how business rates could be modernised, ICAEW has suggested that a “fundamental rethink” of property and business tax is needed for a long-term solution.

19 October 2020: ICAEW has suggested that the Welsh government should develop an annual Finance Bill type process to allow it to react quicker to tax changes.

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

23 November 2020: Lucy Sauvage, a Director in BDO’s Tax Risk team talks to ICAEW’s Tax Faculty and answers key questions about the effect of the pandemic on risks relating to the corporate criminal offence (CCO) and what organisations need to be thinking about.

13 November: HMRC is to increase awareness of its standard for agents and has pledged to continue working with professional bodies in its efforts to improve standards in the tax advice market.

12 November 2020: HMRC has published the long-awaited consultation on Making Tax Digital for corporation tax (MTD for CT), confirming its plans for rolling out MTD. Meanwhile, consultation on more timely payment and the tax administration framework has been delayed to Spring 2021.

10 November: HMRC data reveals the extent to which service performance and compliance activity have been impacted by the diversion of resources to deliver COVID-19 support schemes.

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

19 November: HMRC confirms access to the EU VAT refund system will end on 31 March 2021 and claims relating to VAT incurred after 31 December 2020 will have to be made manually.

17 November: Highlights from the broader tax news this week includes: confirmation from the Scottish Government and Welsh Assembly of their planned Budgets, HMRC clarifying VAT liability of school holiday clubs and acceptance of digital signatures for CGT hold-over relief.

10 November 2020: With less than 30 working days to go until the Brexit transition period ends, ICAEW Tax Faculty delved into all things VAT and customs for a special webinar covering the impending changes to import and export rules.