On 7 May 2020, over 250 tax business leaders attended our webinar on the UK tax implications of COVID-19. We provided practical insights on key risks and planning opportunities in order to challenge and strengthen your current tax strategy and thinking.
Watch the recording below to find out how to manage tax risk and compliance effectively, as well as understand the potential changes to tax legislation.
Checklist of key tax risk considerations
We have created a checklist of the key tax risks and planning opportunities to help strengthen your current tax strategy and thinking.
You can use this document as a guide to help you understand key COVID-19 related tax considerations that have arisen within the five areas we discussed in the webinar.
In the webinar above, we discuss how you can support your people through the COVID-19 lockdown, understand tax risks associated with global mobility, employment tax considerations relating to working from home and also hear some of our practical insights into the Coronavirus Job Retention Scheme (CJRS) following conversations with HMRC.
Cash tax management
Given the importance of cash flow management, watch the recording to find out more about how HMRC is supporting businesses in managing their tax obligations including through Time To Pay arrangements and VAT deferrals. We also look at other measures to help you optimise your short- to long-term tax cashflow position.
Financing and treasury opportunities
You will have heard about the funding support packages available from the government, which haven’t been readily accessible to all businesses. As such, a number of finance and tax functions are considering other strategies to manage liquidity and cash needs globally, and tax could have a significant impact on the options here. The video above provides information about the tax implications of your treasury activities and how you could maximise long-term financing opportunities through debt restructuring and hedging.
Corporate planning and governance
As we start moving towards the long term, businesses will need to start turning their attention to their broader corporate tax and risk management strategies. The webinar above highlights how you might be able to manage your wider tax risk and compliance processes to create a more robust tax function.
The international landscape is constantly changing and has had to adapt to the current circumstances. Find out more about what this means for the future of international tax, in terms of OECD developments etc, but also the impact of your international tax position and the opportunities available.
For further information please contact Martin Lambert.