Tax UK

Members can visit our dedicated Self-Employed Income Support Scheme (“SEISS”) page, which provides guidance on the scheme. Download our factsheet on the who, what, where, when and why of the scheme.   Readers are advised to ensure they are using the latest SEISS guidance. The deadline to submit an application for a grant under the first part of the scheme is 13 July. HMRC has updated their guidance on the SEISS adding further details on the terms for claiming a second grant in August.

Jun 15, 2020
Tax UK

HMRC continue to hold a number of webinars covering various COVID-19 business supports. These have a limited number of spaces, so save your place now. Statutory Sick Pay (“SSP”) Rebate Scheme - Choose a date and time This webinar provides an overview of the scheme, looks at who can claim, when to start paying SSP, employees you can claim for, making a claim, keeping records, and more. Coronavirus Job Retention Scheme - Choose a date and time This guides you through making a claim, including the essential information you need, what to do before you make your claim, calculating and processing your claim. Self-Employment Income Support Scheme - Choose a date and time This webinar covers the aim of the scheme, who can apply, how much may be claimed, applying for the scheme, what happens after applications are made, and other support available.  

Jun 15, 2020
Tax

The latest coronavirus Stakeholder Digest is now available and provides a round-up of the supports available and administered by HMRC to help support the UK economy during the pandemic. Coronavirus Job Retention Scheme - new guidance published Coronavirus Statutory Sick Pay Rebate Scheme New HMRC briefing on ensuring the correct tax is paid Scams Update Face coverings to become mandatory on public transport

Jun 15, 2020
Tax RoI

The Tax and Duty Manual - High Income Individuals’ Restriction (HIIR) now incorporates relevant information from a number of archived tax and duty manuals.    The archived tax and duty manuals are:  the operation of HIIR before 2010 (Tax and Duty Manual Part 15-02a-01),  HIIR Finance Act 2010 changes and related issues (Tax and Duty Manual Part 15-02a-03), and   carrying forward excess HIIR relief for married couples and civil partners (Tax and Duty Manual Part 15-02a-07)  Relevant material from these tax and duty manuals has been incorporated into Tax and Duty Manual Part 15-02a-05 - HIIR – tax year 2010, along with updates to appendix 3 and worked examples in other appendices.

Jun 15, 2020
Tax UK

The latest update from HMRC is set out below.  “Agent Forum (AF)  As at the end of April 2020 the Forum had over 888 (up 115) on March registered Agent subscribers, of 1,229 users signed up to its predecessor forum. The Agent Forum re-platforming has been live for eight months now and even though registrations have not reached the levels of its former platform, participation and issues traffic are increasing. Thus far during 20/21, we have dealt with over 50 widespread issues, across all Heads of Duty. The new ‘Knowledge Base’ feature is also increasingly popular and carries announcements and real time taxes information. We continue to support agents and their clients through the COVID-19 crisis, and have established a dedicated panel to deal with related issues and published guidance for all associated schemes including the Self-Employed Income Support Scheme (SEISS) and Job Retention Scheme (JRS). We have in conjunction with our Issues Overview Group (IOG) stakeholder colleagues, developed procedures to identify high priority widespread issues to be taken forward for resolution with our internal technical specialist and communications partners.  This will be being implemented on the Agent Forum going into this year. We continue building our internal HMRC Subject Matter Experts (SMEs) capability, formalising recruitment from across HMRC to improve the quality and timeliness of issue resolution responses and to focus on Agent Forum operations. Performance metrics carried forward from the previous platforms now include over 1,800k views, 9,000 posted messages on over 1,650 current topics, all since July 2017; which are moderated daily with appropriate responses given, as determined by subject matter, related traffic generated, and referrals provided by line of business. For 20/21, we are reviewing what performance metrics are reported in future, as we better understand new functionality provided by the MS Dynamics platform.   The Digital Customer Support Services (DCSS) Agent Team is staffed by a Service Manager and 2.5 FTE Moderators, who moderate and run the forum.”  END OF HMRC UPDATE 

Jun 15, 2020
Tax UK

Today’s tidbits cover the latest Agent Update and recently published newsletters.  Agent Update 78 has been published;  The Public Accounts Committee has opened an inquiry into the management of tax reliefs. This is in response to the National Audit Office report of February 2020 which raised concerns about the lack of formal framework for the oversight of tax reliefs and monitoring of their effectiveness and value for money;  The Office of Tax Simplification has announced the appointment of a new Board Member  The June 2020 Trusts and Estates newsletter has been published; and  The latest Pension schemes newsletter 120 - May 2020 containing updates and guidance on pension schemes is available.   

Jun 15, 2020
Tax RoI

Revenue released versions 15 of the FAQ, Guidance on the Operational phase of the COVID 19: Temporary Wage Subsidy Scheme (TWSS) on 12 June 2020 to reflect new updates and clarifications. The FAQs were also updated on 8 June.    Updated items for 8 and 12 June include:   ‘Quick Start’ – an introduction to assist employers in understanding the fundamentals of the scheme and the main steps required to uses the scheme.  Paragraph 1.4 How long will TWSS last – updated for government announcement that the TWSS is extended until the end of August 2020.   Paragraph 2.8 Rehiring employees – for employees without an eligible Employment ID, using their PPSN, create a new employment with a different Employment ID, with the return to work date as the date their rehire commenced.   Paragraph 2.13 How do employers stop operating the scheme – a reminder to employers ceasing the scheme, the PRSI class of all its employees needs to be returned to the correct PRSI class for future payroll submissions.  Paragraph 3.15 Employees returning from maternity leave etc. – Revenue are now operating new facilities to allow employers provide the TWSS to employees returning from maternity, adoptive or parental leave or employees who received certain benefits from Department of Employment Affairs and Social Protection (DEASP). Details on how to make a subsidy claim for employees in these circumstances are included in paragraph 3.15.1. The subsidy for these employees can be backdated to 26 March 2020, in certain cases.   Paragraph 4.6.1 Operating the scheme for employees who were on leave and in receipt of DEASP payments – further details on claiming the TWSS for employees who were in receipt of injury benefit or partial capacity benefit.   Paragraph 4.18 Details to enter when running payroll if claiming TWSS – payroll submissions must include a supported pay frequency.  Paragraph 5.4 Treatment of BIK for duration of the scheme – Revenue confirmed that suspended BIK should be spread over the remainder of the payroll periods for 2020. Where this is not possible, the employer needs to report the suspended BIK to Revenue before year end.   Paragraph 5.6.10 Subsidy refunds – where a subsidy refund has not issued, and the reason message is “No TWSS Calculation”; a J9 submission for an employee that does not have an eligible record in the Employer CSV file has been made.   Further details on these updates and additional information are highlighted in grey in Revenue’s FAQs. 

Jun 15, 2020
Tax RoI

Revenue have implemented changes to the Temporary Wage Subsidy Scheme (TWSS) for employees returning to work following maternity leave, adoptive leave, paternity leave or related unpaid leave.   A Revenue press release, issued 8 June 2020, confirmed the operation of new processes to facilitate changes to the TWSS announced on 29 May 2020, to accommodate employees returning to work:  following a period of maternity leave, adoptive leave, or related unpaid leave, or a period of paternity, parental leave, or related unpaid leave,   having been in receipt of Health and Safety or Parents Benefit paid by the Department of Employment Affairs and Social Protection (DEASP),   having been in receipt of Illness Benefit paid by the DEASP for February 2020  and who may or may not have been on the employer’s payroll on 29 February 2020 or, who have not been paid in January and February 2020.   As detailed in Revenue’s eBrief, the TWSS for employees returning to work, following a period of maternity leave etc., can be availed of through completion of a form, available to download through myEnquiries. The form can be accessed as follows:   log into ROS myEnquiries  click Add ‘A New Enquiry’  select Category ‘Covid-19: Temporary Wage Subsidy’  select Subcategory ‘TWSS – Maternity or other benefits’.   Paragraph 3.15.1 of Revenue’s TWSS FAQs, provides further detail for employee returning to work, following a period of maternity leave etc. A list of information required to complete the relevant form is included in the same paragraph.   Revenue will provide the employee’s Maximum Weekly Wage Subsidy (MWWS), along with other relevant information, to the employer. An employee’s MWWS is calculated using the Calculated Revenue Net Weekly Pay (CRNWP), a measure equivalent to the Average Revenue Net Weekly Pay (ARNWP). The information will be included in the revised Employer CSV file, available for download on receipt of a notification through myEnquiries.   The subsidy for employees returning to work under these circumstances will be backdated to the later of; the date employment recommenced, or 26 March 2020. A subsidy will not be backdated for any periods the employee was in receipt of the Pandemic Unemployment Payment (PUP).   Further information on how to avail of the TWSS for employees returning to work, following a period of maternity leave etc., is included within paragraph 3.15 of Revenue’s TWSS FAQs.   

Jun 15, 2020
Tax UK

  In order to better understand the impact of post-Brexit changes to trade, HMRC has made available a questionnaire for businesses moving goods between Northern Ireland and Great Britain. HMRC has informed us that the deadline for responding to the questionnaire is Monday 29 June 2020. At the end of the transition period when the Northern Ireland Protocol comes into force there will be changes to the way goods move between Northern Ireland and Great Britain. All businesses conducting trade between the two regions, may be impacted by these changes if they can answer yes to any of the questions below: Do you move goods between Great Britain and Northern Ireland? Do you move goods between Great Britain and Northern Ireland on behalf of someone? Are you based in Northern Ireland and currently receive goods from Great Britain? Do you send parcels between Great Britain and Northern Ireland using Royal Mail or an express operator? To keep up to date with changes, impacted businesses can fill in the Northern Ireland Protocol questionnaire, save it, and email to: hmrctraders@hmrc.gov.uk by Monday 29 June 2020.

Jun 15, 2020
Tax International

  This week, in Irish stories, the Temporary Wage Subsidy Scheme has been extended to the end of August. In UK developments, the final furlough deadline for employees to enable claims under the UK job retention scheme was Wednesday 10 June. In International news, Thailand is the latest country to join international efforts against tax evasion and avoidance.      Ireland The Temporary Wage Subsidy Scheme has been extended to the end of August Revenue’s Pensions Manual Chapter 16 – Group Schemes is now updated to Finance Act 2019 UK The final furlough deadline for employees to enable claims by employers under the UK job retention scheme was Wednesday 10 June Read the update from HMRC on the statutory sick pay rebate scheme International Thailand has joined international efforts against tax evasion and avoidance  

Jun 12, 2020
Tax UK

HMRC has confirmed that unless someone has been furloughed for a full three-week period by 30 June 2020, the job retention scheme will be closed to claims for them by employers. As a result, today Wednesday 10 June is the last day on which someone who has never been furloughed before can start a period of furlough and qualify for the scheme. Read our news item from Monday on this and other important dates in respect of the Coronavirus Job Retention Scheme.

Jun 10, 2020
Tax RoI

Revenue’s Tax and Duty Manual Part 15-01-20, Employed persons taking care of incapacitated individuals has been updated to remove reference to the €50,000 threshold applicable in tax year 2014 and earlier. The manual has been updated to remove reference to the €50,000 threshold, that was applicable in the tax year 2014 and certain earlier years. The examples within the manual have also been updated. For further details see the manual on Employed persons taking care of incapacitated individuals.

Jun 08, 2020