This week’s COVID-19 tidbits, 8 June 2020

Jun 08, 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.  

  • The Chancellor of the Exchequer has suggested he will be holding a mini “fiscal event” in early July 

  • The Coronavirus Large Business Interruption Loan Scheme has increased the size of the loans on offer 

  • HMRC has announced a five-month delay to the introduction of the domestic reverse charge for construction services, due to the impact of the coronavirus pandemic on the construction sector, and the VAT change will not now apply until 1 March 2021 

  • The Small Business Commissioner provides late payment support and continues to do so throughout the pandemic