Technical News

 


In response to our query to HMRC on the impact of COVID-19 on the letters HMRC have been sending to taxpayers with offshore assets, income or gains (which are based on information HMRC receive through exchange of information agreements with overseas jurisdictions), we have received the following reply from HMRC.

The Chancellor has written to the Chair of the Treasury Select Committee, Mel Stride to outline temporary changes to the Statutory Residence Test (SRT) for those coming to the country to work on COCID-19 related activity.

On 9 April, HMRC supplied the following update about the impact of COVID-19 on the payment of IHT and how to get IHT forms signed under current circumstances.

Please find below a message from HMRC this morning about COVID-19-related deferral of import VAT and customs duty (can defer payment due next week on 15 April). For affected businesses, urgent action needs to be taken as set out below.

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

HMRC has written to agents in the following terms, in relation to the Coronavirus Job Retention Scheme (CJRS). More information on the CJRS can be found on our COVID-19 technical pages.  

HMRC has produced a fact sheet on the CGT 30-days reporting and payment obligations for UK residents disposing of residential property and for non-UK residents disposing of UK land from 6 April 2020.

In response to the impact of COVID-19, some temporary changes to the working arrangements at the First-tier Tribunal (Tax Chamber) administrative centre in Birmingham have been announced. Appellants should, where possible, submit notices of appeal online or by email. 

In light of the COVID-19 pandemic, the CIOT has produced a guide to help employees and employers understand the tax implications when employees are working from home. 

HMRC has confirmed an extension to the deadline for implementing digital links for MTD for VAT as follows: