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Tax Matters Digest
Tax Matters Digest
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Latest Updates
COVID-19: Further measures to support businesses
An update on further measures announced by the UK Government over the past two weeks in relation to COVID-19.
HMRC issue further guidance on the Coronavirus Job Retention Scheme (JRS)
Under the JRS, the UK Government will fund part of the employment costs of workers who are ‘furloughed’ due to the COVID-19 outbreak.
Deferral of tax payments to HMRC
In light of COVID-19 this article sets out how businesses facing cash flow difficulties may be able to defer tax payments.
Contacting HMRC during the ongoing lockdown
HMRC have updated their guidance in various areas to provide digital contact details to be used where they are unable to process post.
COVID-19: Homeworking expenses – what’s taxable?
HMRC publish new guidance highlighting which expenses are taxable for employees working from home due to COVID-19.
COVID-19: annual leave carry over rules to be relaxed
The rules on carrying over annual leave are to be relaxed to support key industries during COVID-19.
Making Tax Digital for VAT: Digital links extended to 1 April 2021
HMRC are providing MTD businesses with more time to put in place digital links between all parts of their functional compatible software.
Living in a digital (services tax) world
The UK’s Digital Services Tax is now in effect and new compliance guidance has been issued by HMRC.
Non-resident capital gains tax rules – new regulations regarding Funds
New regulations amending the NRCGT rules for collective investment vehicles expected to come into force on 10 April 2020.
First-tier Tribunal decision in Esso Exploration and Production UK Limited and others v HMRC
In Esso Exploration and Production UK Limited and others v HMRC [2020], the First-tier Tribunal provides further clarity on issues relating to claims for Cross Border Group Relief.
International review for March
Tim Sarson’s latest summary of international developments.
Week in Tax - 23 - 27 March 2020
Every week, KPMG member firms around the world publish updates on developments in their country. Week in Tax highlights a selection that may be of interest to our readers.
Week in Tax – 30 March – 3 April 2020
Every week, KPMG member firms around the world publish updates on developments in their country. Week in Tax highlights a selection that may be of interest to our readers.
A round up of other news this week.
