COVID-19: The impact on company car benefit in kind
Due to the coronavirus pandemic, many people in the UK are now working from home or have been placed on furlough leave, meaning that they are not using their employer-provided company car. But what is the impact on the benefit in kind (BIK)?Continue reading
Zero-rate of VAT applied to sales of PPE from today
The tax on personal protective equipment purchased by care homes, businesses, charities and individuals will be cut from today, it has been announced.Continue reading
IR35: House of Lords committee calls for reform of off-payroll working rules
A House of Lords committee report that is reviewing the planned changes to the IR35 off-payroll working rules has called for a reform of the rules, stating that there are ‘inherent flaws’ in the legislation.Continue reading
Businesses who defer VAT payments should continue to file returns as usual, says HMRC
Businesses who have deferred VAT payments until the end of June 2020 should continue to file Making Tax Digital (MTD) returns as normal, the regulator has confirmed.Continue reading
Retail, hospitality and leisure firms set for £10 billion business rates savings
Businesses in the retail, hospitality and leisure sector are expected to save around £10 billion this tax year through business rates relief, official figures have revealed.Continue reading
Employers should continue to meet automatic enrolment obligations despite coronavirus disruption, says TPR
Employers should continue to enrol, re-enrol and contribute towards workers’ pensions whether they are furloughed or not, The Pensions Regulator (TPR) has confirmed.Continue reading
COVID-19 – HMRC relax inheritance tax process
HM Revenue & Customs (HMRC) has announced changes to the inheritance tax (IHT) process to ensure minimal disruption because of the coronavirus pandemic.Continue reading
Government extends Coronavirus Business Interruption Loan Scheme to all SMEs
More than £90 million in finance has been approved since the launch of the Coronavirus Business Interruption Loan Scheme (CBILS), it has been revealed.Continue reading
COVID-19: Government to cover employer NICs and pension contributions of furloughed workers
The Government has announced that it will cover employer National Insurance Contributions (NICs) and pension contributions of furloughed workers.Continue reading
HMRC: Self Assessment payment on account deferral scheme open to ALL taxpayers
The Self Assessment payment on account deferral scheme will apply to all taxpayers, not just the self-employed, it has been revealed.Continue reading
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