Hello,

We are counting down the days until the end of September, ever more conscious of the work that is being undertaken by HMRC in trying to agree settlement of the remaining disguised remuneration loans. 

Hello,

There are widespread rumours that the chancellor is planning tax rises. I would guess that everything is very much at the planning stage and any increase could yet affect all the main taxes. Conversely, some commentators suggest that a tax increase is possibly the worst thing one can do to stimulate the economy.

HMRC's latest Trusts and Estates newsletter contains some useful information. Here is our enhanced version.

Hello

This week we have a mixed bag with a new guide for brewers, microbrewers and gin makers, updates to several of our capital allowance guides, some interesting cases and latest Coronavirus tax news.

HMRC have started the next phase of compliance activity on the Coronavirus Job Retention Scheme (CJRS). It has written to around 3,000 employers it believes may have been overpaid. A penalty and tax liability could arise if any overpayment is not repaid in time and there is a failure to notify HMRC about it.