Tax compliance

Tax / HMRC emails two million eligible businesses login details for furlough portal

The government has sent personalised emails to an estimated two million eligible employers who operate PAYE systems with final details about how the furlough claim scheme will work and what employer reference codes will be required, with a step by step guide to how to use the furlough claim portal. Sara White reports

Tax / Covid-19: high earning parents on furlough in line for child benefit

Thousands of better-off parents who opted out of receiving child benefit because they had to pay the high income child benefit charge (HICBC) could now be eligible to claim, if they experience a drop in income due to the coronavirus emergency

Tax / Furlough start date extended to 19 March

The government has extended the start date for eligibility for furlough to 19 March from original 28 February meaning 200,000 more people can benefit, reports Sara White

Tax / Salary sacrifice schemes can be changed as covid-19 ‘life event’

HMRC has updated its guidance for employers who offer salary sacrifice schemes in light of the current coronavirus pandemic, declaring Covid-19 (C19) to be a ‘life event’ and so a reason to make a change in previous arrangements

Tax / Covid-19: HMRC suspends enquiries into taxpayers

HMRC is relaxing parts of its regime for investigating taxpayers and businesses it believes may have under-reported tax liabilities correctly, but individuals and firms have been warned not to be lulled into a false sense of security, reports Pat Sweet

Tax / Covid-19: HMRC clarifies MTD for VAT deferral reporting

HMRC has issued detailed guidance in updated VAT Notice 700/22 setting out the process for deferring VAT filings by three months under Making Tax Digital

Tax / Five things you need to know: furlough and zero hours workers

Over the last few weeks our employment law helpline has received hundreds of calls about furlough and zero hours workers. Alan Price, HR expert and CEO at BrightHR, answers five of the most frequently asked questions

Tax / Google revenue hits £1.6bn, pays only £44m in corporation tax

Tech giant Google paid just £44.3m in corporation tax despite posting revenues of £1.6bn last year, while giving employees more than £1bn in pay and bonuses, accounts for its UK subsidiary show

Tax / Covid-19: MTD technical guidance being rewritten for VAT deferral

HMRC is finetuning the technical details for the VAT deferral process for businesses using the Making Tax Digital (MTD) for VAT system with an update to HMRC Technical VAT Notice 700/22 expected shortly

Tax / Covid-19: financial support for Northern Ireland businesses and employers

Businesses in Northern Ireland will be able to access a mix of UK-wide coronavirus support schemes and specific measures announced by the devolved Stormont Assembly to reduce the impact of the covid-19 pandemic

Tax / Top 10 tips: employee expenses during coronavirus homeworking

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 Gudgion CTA, corporate and business tax partner at Mercer & Hole

Tax / April 6 personal tax changes: rise in NICs threshold

April 6 heralds the start of the new tax year, which sees the personal allowance for income tax unchanged, but a hike in the threshold for national insurance contributions (NICs) and a delay to promised reforms to the IR35 off payroll employment rules, reports Pat Sweet

Tax / Covid-19: 80% rules allow training, volunteering and even second jobs

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

Tax / Covid-19: loan charge taxpayers given ‘special arrangements’

HMRC is to introduce special arrangements for taxpayers affected by the loan charge rules relating to disguised remuneration tax avoidance schemes, paving the way for some of them to make claims under the government’s coronavirus support scheme for the self-employed, reports Pat Sweet

Tax / April 1 business tax changes: corporation tax rate remains 19%

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