Welcome from the Chair

The last twelve months have brought immense challenges with the pandemic turning our lives upside down.  The Treasury’s focus has been on providing extraordinary financial support to protect the economy in these unprecedented times, including key COVID-related tax easements.  But there have also...

We knew that we were in for an extremely difficult time ahead when, on 17 March last year, the Government abruptly announced that the Off-Payroll Working (‘OPW’) rules, due to be introduced on 6 April 2020 for medium and large businesses in the private sector, would be deferred until 6 April 2021.  But this was just the start and the Government soon moved to introduce the Coronavirus Job Retention Scheme (CJRS), the Self-Employed Income Support Scheme and an extensive range of other financial support in order to try and keep the economy afloat.  This said, the CJRS does not extend to, amongst others, company owner-managers paid largely via dividends, as HMRC said it was concerned that they had no way of distinguishing dividends received from the business from other sources.  Indeed, eve