Edwin Coe LLP (England-Wales): Covid-19 – Recent UK Tax developments

As we continue to move through a prolonged period of uncertainty, the Government is continuing to introduce further measures to assist UK taxpayers. In his speech last Friday (20th March), the Chancellor Rishi Sunak announced a deferral of income tax ‘payments on account’ for self-employed taxpayers; which will be a welcome relief for many individuals. In the same week, HMRC issued an updated guidance note addressing the tax residency of individuals, and more specifically how Covid-19 will interact with the ‘exceptional circumstances’ guidance. MORE.

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