Amendments to the Finance Bill include treating coronavirus payments as taxable income, not disadvantaging those who came out of retirement or usually work abroad to help in the pandemic, treating Covid-19 as an exceptional circumstance for higher rate SDLT reclaims and encouraging Future Fund investors.
A holding company structure could reduce risk for growing businesses and those with surplus assets. Is it time to reconsider your business structure?
Government launches consultation on proposed tax treatment of Coronavirus support grant payments. Responses required by 12 June.
Those working from home and employers who encourage their staff to purchase their own home-office equipment and reimburse the expense, can benefit from a temporary income tax and National Insurance Contributions relief introduced as a response to Covid-19.
HMRC launch a campaign to ensure taxpayers understand when the income tax on Venture Capital Trust (VCT) investments is clawed back, and alter their timescales to reflect the challenging times we find ourselves in.