If your employees are working from home due to the coronavirus lockdown, there are important tax compliance issues to consider before reimbursing expenses, explains Jacqui Gudjion, corporate and business tax partner at Mercer & Hole
Zero hours workers are entitled to be furloughed under the 80% rules set out in the Coronavirus Job Retention Scheme based on an average calculation of monthly earnings, reports Sara White
Accountants put on furlough under the Coronavirus Job Retention Scheme will be able to continue their training to achieve professional qualifications and may be able to take on a second job depending on any restrictions in their employment contract, reports Sara White
HMRC has updated its guidance confirming that the government has shelved its original plans to lower corporation tax, with the main rate (for all profits except ring fence profits) for the years starting 1 April 2020 and 2021 remain at 19%, as announced at Budget 2020
HMRC has issued specific guidance flagging up concerns that workers returning to the NHS to help respond to the coronavirus outbreak are becoming targets for tax avoidance schemes by unscrupulous advisers
Workers who have not taken all of their statutory annual leave entitlement due to Covid-19 will now be able to carry it over into the next two leave years, the government has announced
In a further update to the Coronavirus Job Retention Scheme guidance, the government has announced that it will now cover the employer national insurance (NI) and employer auto enrolment costs for furloughed staff
The financial job grants offered under the Coronavirus Job Retention Scheme pays up to 80% of salary for temporarily laid off workers, but there are important legal and contractual issues to consider. Croner-i's Nicola Mullineux explains
HMRC has changed the dedicated phone number for the coronavirus helpline targeted at businesses and the self employed to 0800 024 1222 to increase load capacity, reports Sara White
The government's quick response to the covid-19 crisis could also be a drawback as ‘policies are going to be rough around the edges’ and possibly left open to exploitation by scammers and unscrupulous advisers and accountants
Individuals will be deducted income tax and national insurance contributions (NICs) on the 80% salary subsidies paid under covid-19 emergency employment measures for furloughed workers, but self employed are still waiting for support package, reports Sara White
The Chancellor has set out plans for a Coronavirus Job Retention Scheme to underwrite 80% of the salaries of workers if they have to be temporarily laid off, but the system could be open to abuse and details are limited, reports Sara White
A taxpayer who claimed self employment expenses of £120,000 against income of £5,000 has lost a First Tier Tribunal (FTT) appeal against HMRC’s refusal to allow the deductions
HMRC has launched a 10-week consultation on ways to tackle abuse of the Construction Industry Scheme (CIS) to prevent tax loss, including new powers to correct deductions
