HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
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HMRC has updated its company tax manual outlining when companies can make claims for repayments of corporation tax based on anticipated losses, in light of the exceptional circumstances many industries are facing during the Covid-19 pandemic.
HMRC has now acknowledged that, in exceptional circumstances, claims for repayments of corporation tax for prior periods based on anticipated losses before the current accounting period has concluded will be considered.
Read more at the Accountancy Daily.