Taxation of Coronavirus Support Payments
Government launches consultation on proposed tax treatment of Coronavirus support grant payments. Responses required by 12 June.
Government launches consultation on proposed tax treatment of Coronavirus support grant payments. Responses required by 12 June.
Those working from home and employers who encourage their staff to purchase their own home-office equipment and reimburse the expense, can benefit from a temporary income tax and National Insurance Contributions relief introduced as a response to Covid-19.
The Chancellor, Rishi Sunak, announced £1.25 billion of government support for innovative firms at the Downing Street Press Conference on 20 April 2020, delivered through the Future Fund and Innovate UK.
If you are new to Working From Home, our guide to the tax reliefs available recaps the guidance produced by HMRC.
Richard Coombs, Tax partner suggests using the enforced time at home to clear your financial “to do” list; includes ISA’s, wills & Business Property Relief.
HMRC helpline to support businesses and self employed concerned about being able to pay tax due to Covid-19