Hello,
We have already had a busy week putting through the updates on the Coronavirus Job Retention Scheme (CJRS) and adding other new COVID-19 announcements, now today, we have news of further extensions to the different funding schemes.
While many people are taking the new lockdown in their stride, there are some exceptions, notably those who do not know if they are still employed or not and those who are trying to run payrolls. The new extension of the CJRS means many more fiendish calculations for the businesses affected. I admit that I was a bit confused by the Job Support Scheme (JSS) and whether this would run in parallel to the CJRS. Now we know that the CJRS is going to run until March 2021, I think we can probably ignore the JSS. We are awaiting more detail to emerge on the extended version of the scheme for the self-employed, the SEISS. We will update our COVID-19 tracker as and when we hear more.
Our pick of topical cases from the tribunals includes building contractor travel and whether home is a base of operations. The sort of issue that you really need to be reviewing on an annual basis. We have another case of an unsuccessful appeal against an information notice. It was too bad that it was going to be very time consuming to put the banking information together, HMRC’s request was not unreasonable given the taxpayer’s unexplained bank transactions.
We also have a couple of cases featuring very well-known and failed tax schemes. It seems that only large city financial institutions have been the net winner of years of non-compliance with PAYE and IR35. This will change next year when the Off-Payroll Working rules require the end client to deduct PAYE, that is assuming that this measure will go ahead. With COVID-19 in the air, anything is possible. Will there still be a need to have a financial district in any city?
If you have any tax-specific queries, please do post them up to our sister site: www.VtaxP.co.uk.
Back soon
Nichola Ross Martin FCA CTA (Fellow)
Tax Director
Your Virtual Tax Partner® online PRACTICAL support for accountants, tax advisers BY accountants and tax advisers.
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In Hamish Taylor v HMRC [2020] TC07893, a claim for travel and subsistence by a sub-contractor failed on the basis that his home was not his base of operation.
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