Tax voice - July 2020

International tax news update

18 July 2020

Whilst the impact of the coronavirus outbreak remains the main focus for business at this time, international businesses should also consider the effect of some key international tax developments.

Coronavirus job retention scheme - updated furlough rules

18 July 2020

The coronavirus job retention scheme (CJRS) is due to run until 31 October 2020 to help support employers retain staff during the current pandemic by covering certain costs of putting them on furlough. On 12 June 2020, changes were announced to CJRS, with effect from 1 July 2020.

How tax returns can reduce your bills

18 July 2020

Preparing a tax return is an unfortunate fact of life that many of us put off for as long as possible. This year, however, filing a self-assessment return early could generate some important cashflow advantages.

The residential property owner's tax survival guide

08 July 2020

In a year where we have been confined to our homes and with many property transactions on hold, it’s easy to forget that there have been some pretty substantial changes to the tax consequences of buying and selling property in recent times.

VAT and customs duty as Brexit concludes

18 July 2020

The UK government announced last month that it will not be seeking an extension to the current transition period, meaning that barring a significant change in the parties' current negotiating position, the UK will leave the EU’s single market and customs union on 31 December 2020.