Coronavirus - tax related help to business
The government has announced a huge raft of measures in an unprecedented attempt to support the economy in the face of the devastation caused by Covid-19.
A full list of all government measures to support business can be found here.
Tax-specific measures to date focus on:
deferring dues dates for payment of VAT by three months,
the July payment on account for self-assessment Income Tax liabilities for the self-employed will be deferred until January 31 2021,
a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year, and
HMRC’s Time To Pay service will offer tailored support re outstanding tax liabilities to businesses and self-employed people in financial distress, to be agreed on a case-by-case basis.
If you need any help with business tax related queries we are here to help. Contact us using the button below, or call 020 3587 7800
About the author
Charles Goddard is a tax solicitor with over 20 years' experience of advising on the corporate tax aspects of a wide range of corporate and financial transactions. His clients range from multinational blue-chip institutions to private individuals.
Find out more about Charles and our corporate tax advice and consultancy services for business.