NEWS

Revenue and Customs Brief 4 (2020): temporary VAT zero rating of personal protective equipment (PPE) and Tax Information and Impact Note: VAT zero rating for personal protective equipment explaining the changes made by SI 2020/458.Revenue and...

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 IncomeManual Updated: BIM60515 Updated guidance on...

In its first report of the Parliamentary session, the House of Lords Finance Bill Sub-committee has poured cold water on the governments proposed reforms to the off-payroll rules for large and medium-sized businesses in the private sector...

According to HMRC, the coronavirus job retention scheme (CJRS) which opened for applications on 20 April 2020, received 185,000 claims from businesses covering 1.3m furloughed employees, by midnight on its first day of operating. By 23 April, Jim...

The CIOT has received details from HMRC on making claims under the CJRS for employees for whom no national insurance number (NINO) is held. According to HMRC, where an employee has a NINO, but the employer does not know it, the employer should make...

Two recent non-tax cases highlight some of the issues the CJRS is creating in many real-world situations.In Debenhams [2020] EWHC 921 (Ch), the employment contracts of furloughed employees were taken to have been adopted by the administrators, making...

The Treasury Direction issued on 15 April which gives formal legal effect to the CJRS provides that an employee is furloughed if, among other things, the employee has been instructed by the employer to cease all work in relation...

The CJRS specifically addresses the situation where an employer has made redundancies on or after 28 February but subsequently re-employs the individuals and puts them on furlough. Even where the period of re-employment begins after 19 March, such...

The government is to launch a new bounce back loan scheme on 4 May 2020, allowing small and medium-sized businesses to borrow between 2,000 and 50,000, with the government guaranteeing 100% of the loan.For the first 12 months, there...

The CIOT and ATT are running a webinar on Thursday 7 May at 10.30am looking at who is eligible for the SEISS, calculating the amounts they might receive and the process for making claims. The session is free to join (for members and non-members) and...