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At a Glance
Issue Summary
The statement addresses various provisions related to taxation and support measures due to the impact of coronavirus.
Action Requested
The minister is proposing legislative changes through the Finance Bill (Ways and Means) to address specific issues such as tax relief for businesses, adjustments in pension age, modifications to residence tests, and temporary exemptions from certain levies.
Key Facts
- Provision may be made about taxation of payments under various coronavirus support schemes.
- The protected pension age will be adjusted for those re-employed due to coronavirus.
- Statutory residence test requirements are being modified for persons present in the UK because of coronavirus.
- Tax relief changes are proposed for agreements under the Future Fund scheme.
- Section 135 of the Finance Act 2008 is to be amended regarding interest on unpaid tax during a disaster or emergency.
- Higher rate stamp duty land tax refunds will be provided in exceptional circumstances related to coronavirus.
- HGV road user levy charges are temporarily suspended.
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