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On 22 October, the Chancellor announced additional support in light of the tiered restrictions. The Job Support Scheme commences on 1 November 2020. Under the scheme, as originally announced, employers would have been required to pay a third of their employees’ wages for hours not worked, and employees would have to be working 33% of their normal […]

This article was last updated on 23 October at 09:40 and includes details of the enhancements to the Scheme announced by the Chancellor on 22 October 2020. The Chancellor of the Exchequer announced (24 September) details of the Job Support Scheme (the Scheme), which will replace the Coronavirus Job Retention Scheme (CJRS) with effect from 1 […]

In light of COVID-19 and the UK lockdown in March, the professional institutes and membership bodies (PIMBs) sector has been considering the impact of the global pandemic on both the short and long term.

A Double Tax Treaty (DTT) works to ensure that where two jurisdictions can tax the same thing, the resulting tax position is ‘fair’. However, no DTT could have foreseen the impact of COVID-19, and there can be some unexpected results for those who are required to work from home by their employer and decided to do so outside the UK.

Over the last couple of weeks HM Revenue & Customs (HMRC) have started to issue a number of nudge letters. We have seen five new campaigns covering: Investment income Benefits in kind Employment income and pensions Annual tax on enveloped dwellings Deferred consideration on business disposals Capital Gains Tax on disposal of property Persons of significant control of […]

At the start of the pandemic, many employees were required to start working at home. Employers can pay employees £6 per week (£26 per month for monthly paid employees) tax free towards the increased costs due to working from home, for example gas and electricity costs. Alternatively, employees can claim income tax relief for the increased costs.

HMRC increasingly requires individuals to have a Personal Tax Account (PTA), for example to report capital gains on residential property or to claim a grant under the Self Employment Income Support Scheme.