UK COVID-19 Developments -
Extension of support for retail, leisure and hospitality businesses -
Further to the extension of the Coronavirus Job Retention Scheme (or furlough scheme), reported in the November issue of...more
2/8/2021
/ Anti-Avoidance ,
Capital Gains ,
Capital Gains Tax ,
Coronavirus/COVID-19 ,
HMRC ,
Income Taxes ,
International Tax Issues ,
Job Retention Schemes ,
Partnerships ,
Tax Avoidance ,
Tax Exemptions ,
Tax Planning ,
Tax Reform ,
UK ,
Value-Added Tax (VAT)
From the beginning of the UK’s first lockdown in March of last year we have reported on the impact of the pandemic on individual and corporate tax residence and permanent establishment risk.
In April 2020 the OECD...more
HMRC has updated its guidance on the Coronavirus Job Retention Scheme (CJRS). The changes include the removal of parts of the guidance that related to the application of the CJRS up to 30 June 2020 and to update employers on...more
UK COVID-19 Developments -
Furlough not detrimental to EMI options held on 19 March 2020 -
On 26 June, the government introduced a new provision into the Finance Bill that provides that the period during which an...more
8/5/2020
/ Capital Gains Tax ,
Coronavirus/COVID-19 ,
Employee Retention ,
Employment Tax ,
Furloughs ,
Future Fund ,
HMRC ,
International Tax Issues ,
Limited Liability Partnerships ,
Maternity Leave ,
National Insurance Contributions ,
Startups ,
State Aid ,
Tax Avoidance ,
UK ,
Value-Added Tax (VAT) ,
Working Time Regulations
As the UK’s lockdown is relaxed and unemployment figures are expected to continue to rise, the UK Chancellor gave his summer statement announcing measures to stimulate the economy as it recovers from the effects of...more
7/10/2020
/ Coronavirus/COVID-19 ,
Crisis Management ,
Economic Downturn ,
Global Market ,
Hospitality Industry ,
Infectious Diseases ,
International Tax Issues ,
Restaurant Industry ,
Retail Market ,
Tourism ,
Value-Added Tax (VAT)
UK COVID-19 developments -
Proposed deferral of DAC6 and DAC2 -
The European Commission has published a draft directive proposing a three month delay to the deadlines for certain information disclosures under the EU...more
6/3/2020
/ Coronavirus/COVID-19 ,
Corporate Taxes ,
EU ,
European Commission ,
HMRC ,
Income Taxes ,
Infectious Diseases ,
International Tax Issues ,
Personal Protective Equipment ,
Tax Deductions ,
Tax Planning ,
UK ,
Value-Added Tax (VAT)
In light of COVID-19, and in response to requests from European trade associations, the European Commission has published its proposal to amend Directive 2011/16/EU which deals with various strands of administrative...more
There has been considerable discussion about the effect that the travel restrictions resulting from the COVID-19 pandemic might have on the tax residence of companies, particularly where directors are stuck in a different...more
4/8/2020
/ Board of Directors ,
Coronavirus/COVID-19 ,
Infectious Diseases ,
International Tax Issues ,
Investment Management ,
Principal Place of Business ,
Public Health ,
Remote Working ,
Tax Planning ,
Travel Restrictions ,
Traveling Employee ,
UK
Earlier this evening (26 March 2020) the UK Chancellor announced the new Self-Employed Income Support Scheme to help the self-employed face the economic hardship wrought by the COVID-19 pandemic. Below are the key...more
Earlier this evening the UK Chancellor announced an economic intervention which is “unprecedented in the history of the British state” with measures to support the United Kingdom economy in the midst of COVID-19. Below are...more
3/23/2020
/ Business Interruption ,
Coronavirus/COVID-19 ,
Employee Retention ,
Federal Grants ,
Infectious Diseases ,
Loans ,
Self Employed ,
Tax Deferral ,
Tax Planning ,
UK ,
Value-Added Tax (VAT)
Last night (17 March 2020) the UK’s Chief Secretary to the Treasury, Steve Barclay, announced in the House of Commons that the government is postponing the implementation of the changes to the application of the off payroll...more