HM Revenue & Customs (HMRC) published a briefing paper (27 August 2020) setting out the continuing support being provided to the UK economy during the ongoing coronavirus (COVID-19) pandemic.
The briefing paper is consistent with previous communications from HMRC and does not contain any real surprises; however, the briefing paper provides clarity on HMRC’s approach and indicates the beginning of a shift in focus—away from the initial scramble to provide urgent support toward resuming debt collection and compliance activity. Taxpayers may be re-assured by the briefing paper, as it emphasises that HMRC remains sympathetic to taxpayers facing difficulties and encourages taxpayers to engage with them.
Key takeaways from the briefing paper include the following:
Read a September 2020 report prepared by the KPMG member firm in the UK
Other related items from HMRC include:
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