COVID-19: this week’s tidbits, 25 May 2020

May 25, 2020

HMRC and the UK Government continue to publish updates on COVID-19 related issues. When using a form or publication going forward or contacting HMRC, check you are using the most recent version or up to date way of contact which may have changed due to the pandemic.  

  • HMRC has advised that this years preferred P800 processing approach is to process repayments to taxpayers first, where possible. However, this doesn’t mean that every repayment can go out before any underpayments; just those repayments where HMRC has the necessary information available at the start of the process 

  • The Chancellor has made a further Treasury Direction in relation to the coronavirus Job Retention Scheme 

  • HMRC has published a tax information and impact note in respect of the exemption for home-office expenses 

  • HMRC has further updated the way they deal with Inheritance Tax due to the pandemic. Until further notice, HMRC will accept forms IHT100 and IHT 400 forms that are not physically signed from unrepresented trustees or from professional agents 

  • HMRC has amended its manual guidance on DAC6 to clarify how 'reasonable excuse’ will apply in relation to the coronavirus pandemic 

  • HMRC has published new guidance for parents applying for, or already receiving tax-free childcare and 30 hours free childcare, during the coronavirus pandemic 

  • HMRC has published updated guidance on their Time to Pay pages setting out that taxpayers can choose how and when they can delay making a second self-assessment payment on account for the 2019-20 tax year 

  • Watch videos and register for the free webinars to learn more about the support available to deal with the economic impacts of coronavirus 

  • Updated HMRC data about the Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme is available 

  • Find out about taxable expenses and benefits when they are paid to employees because of coronavirus and how to report them to HMRC 

  • Check which expenses are taxable if an employee works from home due to coronavirus