COVID-19 – this week’s tidbits, 27 April 2020

Apr 27, 2020

HMRC and the UK Government continue to publish updates on COVID-19 at some pace. 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. 

  • Book onto the Ulster Society’s latest webinar
  • A new press release has confirmed that furloughed workers planning to take paid parental or adoption leave will be entitled to pay based on their usual earnings rather than a furloughed pay rate
  • A new post, “Off-payroll working rules (IR35) delay” has been published which contains some important information as a result of the deferral of these rules to April 2021 in response to the pandemic
  • Don’t miss out, claim Child Benefit by phone or post despite the pandemic, HMRC tells new parents
  • Due to measures put in place to stop the spread of coronavirus, HMRC has changed the way they deal with Inheritance Tax – See Inheritance Tax account (IHT100) and Inheritance Tax account (IHT400)
  • Find out how and when to report payments to HMRC made to employees under the Coronavirus Job Retention Scheme using the PAYE Real Time Information system
  • HMRC have published an update on Making Tax Digital for Agents in the context of the pandemic
  • The UK Government has launched a new COVID-19 business support finder tool
  • Check for the latest phishing scams which now also cover COVID-19 supports
  • A new support package has been announced to protect firm driving innovation in the UK
  • HMRC have updated their guidance on deferral of VAT payments due to the pandemic
  • HMRC have been collating stats of Self-Assessment returns filed since the Chancellor’s announcement on 26 March. They show that many more individuals have filed early for 2019/20. The advice is that the quickest way to get a refund is to file online. Taxpayers should submit/amend an online return and complete the section requesting a refund, if appropriate, and provide bank details to allow any refund to be paid via BACS – according to HMRC this process takes around 3 days
  • Registration is now open for businesses to apply for the £25,000 Business Grant Scheme. You can obtain further information and complete a pre-application check at nibusinessinfo.co.uk. The closing dates for applications to this scheme is 20 May 2020
  • Employers setting up an online account to apply for the Coronavirus Job Retention Scheme grant no longer need to wait for an authentication code in the post according to an informal communication from HMRC