This month’s COVID-19 tidbits, 23 November 2020

Nov 23, 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.

  • A further Treasury Direction in relation to the Coronavirus Job Retention Scheme and Job Retention Bonus has been laid;
  • HMRC has published a briefing setting out how it intends to continue to support taxpayers and the economy during the pandemic over the coming months;
  • A report from the National Audit Office has been published which examines the implementation of the Coronavirus Job Retention and Self-Employment Income Support schemes;
  • Parents whose salaries are being partially paid by the new coronavirus support schemes will continue to be eligible for 30 hours free and tax-free childcare support even if their income falls below the minimum threshold requirement;
  • HMRC has published guidance on the taxation of unplanned UK workdays where an individual was unable to leave due to COVID-19 travel restrictions;
  • The Government has introduced a new access review process for businesses applying for funding from its COVID-19 Corporate Financing Facility which is open to businesses deemed to be investment grade equivalent as at 1 March 2020, and who make a material contribution to the UK economy;
  • Check temporary changes to the time limit and rules for notifying an option to tax land and buildings;
  • Read the guidance on import duty and VAT on protective equipment, relevant medical devices or equipment brought into the UK from non-EU countries during the pandemic; and
  • The Government are investing £134 million in UK businesses to support innovative green businesses during the coronavirus pandemic and to encourage a green recovery.