COVID Practical Tax Considerations for 2021-22

The main large scale Covid support schemes may have ended but that is not the last we shall hear of them as reporting continues and recovery enquiries get underway.

This topical session considers both the ongoing specific tax related issues and reliefs arising and other reliefs within the UK tax system which may assist clients dealing with the impact of the pandemic.

The lecture will address matters affecting individuals, employers and businesses including companies.

Advising Businesses including companies

• The SEIS scheme and reporting for 2021/22
• Practical loss relief utilisation - individuals
• Change of Accounting Date
• Company reporting of Covid support
• Practical points on extended loss relief – companies
• Funds and grants
• VAT  support

Advising Individuals

 What tax reliefs should I be revisiting for individual clients?

• HICBC and Child Benefit
• Marriage allowance
• Residence issues
• Home working deductions and other expenses
• Universal Credit
• Pension matters

Advising Employers

• Statutory Sick Pay Rebate scheme
• Expenses and benefits
• CJRS - errors, audits and records