NEWS

The Public Bill Committee passed the digital services tax (cls 3871 and Schs 79) without amendment, in its fifth and sixth sittings on 11 June.In its seventh sitting, on the morning of 16 June, the Committee passed the following clauses...

The Windrush Compensation Scheme (Expenditure) Act 2020 received royal assent on 8 June 2020. The Act enables payments to be made under the Windrush Compensation Scheme. The scheme was launched on 3 April 2019 and provides compensation for claimants...

The Law Society, in collaboration with the Courts and Tribunals Service (HMCTS), STEP , Solicitors for the Elderly and the ICAEW, has published a probate frequently asked questions document to help support legal professionals using the probate...

Agent Update 78 (June/July 2020): providing the usual round-up of recent developments including HMRCs coronavirus guidance for businesses.HMRC has updated its guidance Find examples to help you calculate your employees...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.Direct taxesManual Page Comments Business Income Manual Added: BIM48000 Added...

The introduction of a domestic reverse charge for construction services is to be delayed until 1 March 2021. The Value Added Tax (Section 55A) (Specified Services and Excepted Supplies) (Change of Commencement Day and Amendment) (Coronavirus) Order,...

The coronavirus job retention scheme (CJRS) closes to new entrants on 30 June 2020. From that date, employers will only be able to furlough employees they have previously furloughed for a full three-week period. This means that the final date by...

HMRCs Employment Related Securities Bulletin 35 (June 2020) highlights a number of coronavirus-related changes to enterprise management incentive (EMI) share valuations and member contributions to save as you earn schemes (SAYE).Before an EMI...

The 2020 spring Budget proposed a reduction in the lifetime limit for gains qualifying for entrepreneurs relief from 10m to 1m, and Sch 2 to the Finance Bill will introduce the change for qualifying disposals made on or after 11...

The CIOT has asked the government to consider delaying proposed changes to the capital gains tax rules in relation to home sales, to take account of the impact of coronavirus on the property market. Clause 23 of the Finance Bill will reduce the...