Technical News

 


HMRC have confirmed that overall as long as they meet the criteria for the Coronavirus Job Retention Scheme (CJRS) and the Self-employment Income Support Scheme (SEISS), dentists can claim on the basis that they have income from non-NHS work. 

We have received a statement from the Chamber President, Judge Sinfield, advising that the Tax Chamber is open for business. 

The Financial Secretary to the Treasury has today announced that the reimbursement of expenses that would be for home office equipment are exempt from tax. The relevant Regulations are to be laid next week, and will have effect for the 2019-20 (from 16 March 2020 only) and 2020-21 tax years.

HMRC has provided us with some updates to the Coronavirus Job Retention Scheme, including the ability to save and return to partially completed claims, and how to avoid common mistakes that can lead to a wrong or delayed payment.

The Chancellor of the Exchequer has written to us with some important information about the launch of the SEISS. 

HMRC has provided guidance on temporary changes to some pension processes to help pension scheme administrators during the COVID-19 pandemic.

HMRC has provided us with an update in relation to its digital services.

HMRC has provided us with the following information when making a claim for the Employment Allowance for the 2020/21 tax year through the Employer Payment Summary (EPS) and which business sector to select to confirm eligibility under State aid rules.

On 26 March 2020, the Chancellor announced that the Government would provide support to self-employed workers in the form of a cash grant of 80% of their profits, up to £2,500 per month. This is known as the Coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS).