COVID 19 - Tax Issues

This course is aimed at advising individuals, employers and businesses.

This topical session considers both the latest specific tax related COVID-19 support measures and other tax reliefs within the UK tax system which may assist clients dealing with the impact of the pandemic.

Advising individuals and trusts

What tax reliefs should I be revisiting for individual clients?

• HICBC and Child Benefit
• Marriage allowance
• Tax distributions and refunds
• Residence issues
• Home working deductions and other expenses
• Pension matters
• Loss relief utilisation

Advising employers

This will consider key current issues arising from the continuing Job Retention Scheme (JRS).  This is critical knowledge for all accountants and advisers who have clients who are employers, to ensure that they can assist clients through the maze to avoid penalties. Any new employer support scheme measures will be covered in what is a dynamic area of change.

Clients will also need to get to grips with redundancies and the tax and NIC treatment of termination payments. A review of these rules will be included.

Advising businesses including companies

This section focuses on other related tax matters emerging for individuals in business and businesses.

Specifically, it will cover:

• The SEIS scheme recent developments
• Using losses - business and company
• Change of Accounting Date
• VAT matters- overview only