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COVID-19 correspondence between BUFDG, HMRC and HMT

14 July 2020      Andrea Marshall, Tax Specialist

BUFDG has now had a response from HMRC and from HMT answering the questions that were raised in its April 2020 letter. Unfortunately, HMT and HMRC have not granted any further concessions for the sector.

If you have not already done so, it would be prudent to check the VAT treatment that you have applied (or will apply) to any COVID-19 related:

You may also wish to consider if any accruals should be made in your 2020 annual accounts.

HMT and HMRC are asking universities to contact HMRC if they think that they have any issues.




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