1st July 2021
Welcome to the latest edition of our Private Client Briefing, which summarises a number of issues and opportunities for individuals, families and trustees.
As we hope for the further easing of COVID-19 restrictions, and watch with nervousness the progress of the latest variants, we see pent up demand in the economy and a reduction in government COVID-19 support. With a successful vaccination programme, will we see a return to ‘normal’ by the autumn? Can we expect the Chancellor to deliver another Budget this calendar year, or will he wait until the spring to make key decisions on the timing and speed of financial stimulus and debt reduction plans?
In the meantime, HMRC has committed to focusing more resource on tax enquiries and investigations, including into the Coronavirus Job Retention Scheme (CJRS) and SelfEmployment Income Support Scheme (SEISS) claims. Our Tax Disputes and Resolutions team is well placed to deal with these and other enquiries.
All best wishes to you and your families at this challenging time, from everyone at haysmacintyre: we look forward to hearing from you, if we can assist in any way.