What tax measures have been introduced to support businesses impacted by COVID-19 – and what other rules have changed since 1 January?
What to do next?
It’s crucial for businesses impacted by coronavirus to understand what tax and other relief measures they qualify for. Keep up to date with the many government support scheme announcements here.
Companies involved in the cross-border supply of goods to – or within – Europe should assess the impact of these changes on their processes, supply chains, systems and even customers. Tax rate changes require updates to invoicing software and testing to ensure compliance.
TMF Group’s Consultancy Solutions team can conduct a business impact assessment to help you understand which changes affect your operations. Our accounting and tax experts on the ground in more than 80 jurisdictions can help you meet your ongoing corporate tax obligations.
Want to know more about our services? Contact us today.