Changes to insolvency and company law going through Parliament
The government is making changes to insolvency and company law as a result of the COVID-19 pandemic.
The government is making changes to insolvency and company law as a result of the COVID-19 pandemic.
On 5 June 2020, HMRC announced a five-month delay to the introduction of the domestic VAT reverse charge for construction services.
Several changes to the CLBILS scheme have taken effect from 26 May.
On 26 May 2020, HMRC opened up its Statutory Sick Pay (SSP) rebate claim service.
The Public Accounts Committee (PAC) has opened an inquiry into the UK's management of tax relief.
On 20 May 2020, the government launched its Future Fund package, which aims to support start-up businesses not eligible for other COVID-19 rescue measures.
The Centre for Policy Studies (CPS) has suggested that government borrowing may rise to £300 billion in 2020 as a result of the COVID-19 pandemic.
HMRC has confirmed it will not charge penalties for the late reporting of capital gains tax (CGT) on disposals of UK residential property by UK residents made by 31 July 2020.
On 4 May 2020 the government launched the Bounce Back Loan Scheme.
The Office for Budget Responsibility (OBR) has warned that the UK economy could shrink by 35% this quarter due to the COVID-19 crisis.