Weekly tax brief | 24 March 2020

A proposal to save the self-employed and gig-workers from financial destitution
George Bull
Financial destitution looms for the self-employed and gig-workers whose income has collapsed as a result of the coronavirus. We suggest an approach which would put these people on the same footing as employees on furlough. It would be immediate, simple and effective.

Could coronavirus travel restrictions affect your tax residency?
Alex Foster
The current restrictions on international travel could mean that people inadvertently fall foul of residency rules for tax and find themselves caught in the UK tax net. 

What if you’re a UK resident caught in another tax jurisdiction?
Gary Heynes
Tax residence in most countries is based on the number of days spent there, together with connecting factors, such as having dependent family in the country or a home there. So what happens if you’re a UK resident caught in another tax jurisdiction?

What are the implications of travel restrictions for company taxation?
Sheena McGuinness
UK companies whose staff are stranded overseas as a result of coronavirus travel restrictions may also unintentionally find themselves hit with an overseas tax liability. 

Self-assessment July 2020 payments deferred until January 2021
Elaine Shiels
In a bid to ease the pressure on the self-employed during the coronavirus pandemic, the Chancellor has announced that the July self-assessment payments will be deferred until 31 January 2021. 

Coronavirus – VAT payments deferred for three months
Philip Munn
The government has said that it will allow businesses to defer VAT payments for three months as a support measure in the coronavirus crisis. How will this work and what other VAT measures can businesses take to protect their cashflow?

HMRC – too many consultations during the crisis?
George Bull
Businesses and individuals are struggling to cope with the coronavirus crisis, but for HMRC’s schedule of consultations on tax law it’s ‘business as usual’. We urge HMRC to concentrate only on the consultations which are both urgent and important, leaving the rest until after the crisis has passed.


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