The UK 2021 Budget was published yesterday, targeted at driving economic recovery as the UK begins to edge out of the worst of the COVID-19 pandemic and reopen its economy.  Key to the Chancellor’s stated agenda is seeking to promote business investment and support entrepreneurial growth, whilst creating and protecting jobs and livelihoods – which the Chancellor maintains is at the forefront of his Budget mandate. We have summarized the key employment tax highlights of the 2021 Budget.

In brief On 21 January 2021, the Organisation for Economic Co-Operation and Development (OECD) published updated guidance on tax treaties and the impact of the COVID-19 pandemic, originally issued by the Secretariat in April 2020. The OECD’s guidance reflects the Secretariat’s views on the interpretations of the tax treaties and…

The UK 2021 Budget was published yesterday, targeted at driving economic recovery as the UK begins to edge out of the worst of the COVID-19 pandemic and reopen its economy.  Key to the Chancellor’s stated agenda is seeking to promote business investment and support entrepreneurial growth, whilst creating and protecting jobs and livelihoods – which the Chancellor maintains is at the forefront of his Budget mandate. We have summarized the key employment tax highlights of the 2021 Budget.

On 21 January 2021, the Organisation for Economic Co-Operation and Development (OECD) published updated guidance on tax treaties and the impact of the COVID-19 pandemic, originally issued by the Secretariat in April 2020. 

The OECD’s guidance reflects the Secretariat’s views on the interpretations of the tax treaties and the general approach being taken by member jurisdictions, and illustrates how certain jurisdictions have addressed the impact of the pandemic on the tax situations of individuals and employers. The OECD states that the updated guidance is intended to provide greater certainty to taxpayers during the COVID-19 pandemic.