Weekly tax highlights ― 28 June 2021

Produced by Tolley
Weekly tax highlights ― 28 June 2021

The following Owner-Managed Businesses guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Weekly tax highlights ― 28 June 2021
  • Direct taxes
  • The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) (No. 2) Regulations 2021
  • HMRC updated Employer Bulletin: June 2021
  • HMRC updates stakeholders on latest pension scheme news with newsletter 130
  • Indirect taxes
  • Bingo Duty and Lottery duty excise notices
  • Administration
  • First Tier Tribunal (FTT) guidance update on PDF bundles and appeals
  • International
  • More...

Weekly tax highlights ― 28 June 2021

Direct taxes

The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) (No. 2) Regulations 2021

Regulations SI 2021/718 extend the period within which the temporary provision in Schedule 10 to the Corporate Insolvency and Governance Act 2020 (CIGA 2020, Sch 10) has effect, from 30th June 2021 until 30th September 2021.

Schedule 10 temporarily restricts the use of statutory demands and winding-up petitions so as to mitigate the effects of coronavirus. The period within which that Schedule has effect has previously been extended by SI 2020/1031, SI 2020/1483 and SI 2021/375.

These Regulations came into force on 22 June 2021.

HMRC updated Employer Bulletin: June 2021

HMRC has updated its bi-monthly magazine for June 2021 to provide the latest information for employers and agents on the deadline of 30 June 2021 which applies to both the EU Settlement Scheme and the Small to Medium Enterprise (SME) Brexit Support Fund.

This updated edition provides the latest information on:

  1. deadline for the EU Settlement Scheme ― 30 June 2021 ― EU, EEA and Swiss citizens and their family members, who were resident in the UK by 31 December 2020, need to apply to the EU Settlement Scheme by 30 June 2021 to make sure they can continue to live, work, study, access healthcare, benefits and pensions. The guidance notes that it is not an employer’s responsibility to check if employees have applied but that they can play a role in reminding them of the deadlin

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