NEWS

The CIOT has published a note from HMRC, urging employers to avoid a number of common errors when making claims for employment allowance for the 2020/21 tax year through the Employer Payment Summary. Employers are asked to choose the correct business...

The Treasury has announced a change to the lifetime ISA (LISA) rules to make sure individuals who need to access their funds can do so without charge.The withdrawal charge will temporarily be reduced from 25% to 20% for unauthorised withdrawals (i.e....

Certain recipients of universal credit (UC) are entitled to open a help to save account, which pays a tax-free bonus of 50p for every 1 saved into the account. The Low Incomes Tax Reform Group (LITRG) has pointed out that new claimants of UC...

In light of the coronavirus crisis, HMRC has updated its guidance Capital taxation and tax-exempt heritage assets to cover temporary changes to the conditional exemption tax incentive scheme (CETIS). HMRC recognises that it may not be possible for...

The government has brought forward the zero rating of electronic publications, to apply with effect from 1 May 2020.The Value Added Tax (Extension of Zero-Rating to Electronically Supplied Books etc) (Coronavirus) Order, SI 2020/459, amends VATA 1994...

The Value Added Tax (Zero Rate for Personal Protective Equipment) (Coronavirus) Order, SI 2020/458 introduces a temporary VAT zero rate for supplies of personal protective equipment (PPE) made between 1 May and 31 July 2020 and which are recommended...

HMRC has published guidance Exporting personal protective equipment during coronavirus (COVID-19) on the changes that may be applicable for businesses exporting PPE to areas outside the EU and EFTA member states and certain other territories during...

The OECD has published a report which highlights the adverse impacts of major economic downturns on consumption tax revenues, providing insight on how the coronavirus pandemic is likely to affect consumption tax revenues. When compared with the...

Reflecting on the global economic downturn, the OECD has also produced analysis of the emergency tax and economic measures introduced by countries around the world as part of their responses to the crisis. The OECD tax policy tracker, a compilation...

The First-tier Tribunal has started publishing a list of upcoming appeal hearings. The lists will include the basic details for each case, including hearing date and time, name of appellant(s) unless withheld, case reference number, judge name and...