SME Tax News

The Office for Tax Simplification (OTS) has launched a new consultation ‘Claims and Elections Review - call for evidence’ to look at ways to simplify claims and elections across different taxes in relation to individuals, businesses and partnerships.

HMRC has barred tax agents from making claims on their clients' behalf under its new coronavirus Self-Employed Income Support Scheme (SEISS) portal.

In April 2020 the Trust Registration Service (TRS) added a new facility to allow online amendments to be made to the trust register, nearly three years after the TRS was first introduced.

The government has accelerated changes to apply a permanent zero rate of VAT to supplies of certain electronic publications ('e-publications') from 1 May 2020. Supplies of e-books, e-newspapers, e-magazines and academic e-journals will now be entitled to the same VAT treatment as supplies of their physical counterparts.


We have launched our coronavirus Self-Employment Income Support Scheme (SEISS) tool this week for the first stage of testing with unrepresented taxpayers. So far so good, everyone gets the basics. There is an enhanced version in the pipeline for those who struggle with averaging.

The government has published ‘Independent Loan Charge Review summary of evidence’ which sets out the evidence provided to Sir Amyas Morse as part of the independent loan charge review undertaken in December 2019.