This month in tax: October 2020
By Justine Riccomini, Head of Taxation (Scottish Taxes, Employment and ICAS Tax Community)
28 September 2020
Justine Riccomini advises on what tax resources are available to Members on the ICAS website during COVID-19 and beyond.
- ICAS is supporting its Members during the pandemic with the coronavirus hub.
- There is plenty to read on icas.com as well as an interactive platform via CA Connect.
- ICAS - helping you to keep up to date.
CIOT Scotland Virtual Conference 2020
Friday 6 November 2020 - Live streamed: 09:15 - 13:00
The Scotland Virtual Conference will offer a range of topical lectures presented by leading tax speakers and offers access to CPD opportunities from the comfort of your home.
Topics and speakers include:
Finance Act (Live Session)
Robert Jamieson (Mercer & Hole)
Devolved taxes update (Live Session)
Charlotte Barbour (Director of Taxation, ICAS)
Andrew Evans (Geldards LLP)
Developments in national insurance
Kate Upcraft (Kate Upcraft Consultancy)
Corporate residence and PEs
Heather Self (Partner, Blick Rothenberg)
Important tax strategies for recovering OMBs
Peter Rayney (Deputy President, Chartered Institute of Taxation)
Estate planning with pensions - a tax adviser's guide
Richard Johnston FPFS CTA, AAB Wealth Ltd.
ICAS Coronavirus Hub
ICAS teams have been working across the board to bring you as much up to date information as possible in one convenient place. The hub is updated as and when anything develops – try taking a look for further information.
"Ask ICAS” webinar series during COVID-19 restrictions
The ‘Ask ICAS’ webinars take place on Thursday mornings at 11 am. They are a one hour, topical webinar. Details and sign up can be found at ICAS webinars.
8 October - Ask ICAS: Furlough - the final furlong
15 October – holiday break
22 October - Ask ICAS: The Pressures of Practice
29 October - Ask ICAS: Legal Update for IPs
Catch up on all previous Ask ICAS webinars.
Please note that all the feedback we have received from members during webinars, in Q&As and on a day to day basis is in turn being fed into Government insofar as it relates to policy and to HMRC insofar as it relates to operational and practical matters.
HMRC Talking points
HMRC Talking points: If you have missed one, you can usually catch up later.
The following webinars are available in October 2020 and beyond:
Expenses and benefits for employers – if your employees have more than one workplace
This webinar looks at the various workplaces, including permanent and temporary, depots, business journeys, the 24-month rule and applying the 40 per cent test.
Thursday 1 October – 11:15am to 12:15pm
Expenses and benefits for employers – company cars, vans and fuel
If your employees or directors have private use of a company vehicle, this webinar covers the records you need to keep. We’ll also demonstrate how to use the online calculator to work out the amount to report for payrolling or on the P11D.
Tuesday 6 October – 9:45 to 10:45am
You can find more information in HMRC’s 'Expenses and benefits from employment toolkit'.
Profit Diversion Compliance Facility (PDCF)
This webinar will provide an update on HMRC’s PDCF. This will include HMRC’s approach to tackling Transfer Pricing and Diverted Profits Tax risks, key aspects of the PDCF process, benefits of the facility and a general overview of how the facility has been operating so far.
Tuesday 6 October – 3.45pm to 4.45pm
How you can help savers avoid scams
This webinar, for employers and tax agents, provides information on pension scams, how they work, who is at risk and what the warning signs are.
Monday 12 October – 11:15am to 12:15pm
Off-payroll working rules from April 2021
This webinar gives an update to changes to the off-payroll working rules (IR35) from April 2021 for the public sector and medium and large sized organisations.
HMRC is running a series of webinars on the CJRS and SEISS
Book a place on live 'how to' CJRS and SEISS webinars
Extension to the Coronavirus Job Retention Scheme and flexible furloughing
We’ll provide an overview of the scheme, including flexible furloughing, examples of how to work out the amount you can claim and the changes for September and October.
We’ll also share information on the Job Retention Bonus, including how to check if you’re eligible.
If you haven’t been able to join our popular webinar about the Coronavirus (COVID-19) Statutory Sick Pay Rebate Scheme, more dates have now been added. Get the latest information on:
- who can claim
- who you can claim for
- how to make a claim
- what you may be entitled to, and more.
If you are not already registered to receive the HMRC Employer Bulletin, the latest edition (No.85) is now out and contains detail on all the various assistance programmes including SSP and SMP for employers and agents to be aware of.
The latest Agent Update issue 79 is now available to read.
HMRC Community Forums
HMRC has an online customer forum where you can post questions on a range of tax topics that are answered by HMRC experts. The forum now includes “PAYE and Payroll for Employers”.
ICAS Members are encouraged to join this.
The Knowledge Base is a new feature which contains answers to FAQs on a variety of topics and where you can find information on a number of subjects to help with tax matters. Content is regularly updated and new material added.
Anyone can view the forum. To post a question, simply register and create a profile.
A registered forum member can:
- View posts
- Add or post topics / questions
Government consultations
The ICAS tax team responds to many consultations on tax issues and welcomes members’ views to assist in preparing responses. If you have any comments on open consultations let us know.
Details of current consultations on tax issues can be found here:
Fancy volunteering on an ICAS tax committee? Email tax@icas.com to let us know!