Home Moore UK Moore Northern Ireland Coronavirus Support Hub Further Considerations View related pages Coronavirus Support Hub Free NHS Tax Code Checker Support Hub Contact Info Further Considerations Coronavirus Business Interruption Loan Scheme Support Hub Resources Further Considerations You may wish to consider these other useful finance, business and tax related areas affected by Covid-19 Company Cars A company car kept on an employee’s driveway during a period of furlough may still be considered to be made available for benefit in kind purposes. Company Residence Travel restrictions resulting from the COVID-19 pandemic might have effects on the tax residence of companies, particularly where directors are stuck in a different jurisdiction and cannot attend board meetings as they would in normal circumstances. UK Individual Tax Residency Under the UK statutory residence test, individuals prevented from leaving the UK may be able to discount days of presence for determining tax residency if they qualify as ‘exceptional circumstances’. HMRC has confirmed that certain days will be regarded as exceptional circumstances due to coronavirus. EMI Share Options Now may be a good time to consider the impact of Covid-19 on share valuations. Research & Development Given the current economic climate, HMRC has recently received a high volume of queries in relation to the operation of the R&D regime and the processing of claims. Our specialist team can help with all aspects of claims. Trading losses There are several trading loss reliefs available for businesses, some of which will result in tax refunds. Affected entities should take advice to consider how the rules might apply to them in more detail. Child Benefit Even though General Register Offices remain closed, parents can still claim child benefit without having to register their child’s birth to ensure they do not miss out. Those who have in the past not claimed child benefit due to earnings in excess of £60,000 may wish to reconsider their position due to the impact of coronavirus. Child benefit claims can be backdated by up to three months. Prevention From Eviction for Commercial Tenants Commercial tenants who miss one or more rental payments due to the coronavirus pandemic are protected from eviction. This applies to rental payments due up to 30 June 2020, although the Government is open to extending this protection if necessary. This is not a rental holiday for commercial tenants ― they are still liable for the payments. Therefore, it is suggested that commercial tenants who believe that they will be unable to pay their rent contact their landlord as soon as possible to discuss their options. Guidance for Private Rented Sector Landlords and Tenants The Department for Communities (DfC) has produced guidance that covers key issues that landlords and tenants might experience as an effect of Coronavirus. Working from Home Employees may be required to work from home in order to self-isolate or if their workplace has closed as a result of government measures to prevent the spread of coronavirus. Additional costs incurred by such employees may or may not be reimbursed by their employer. If costs are not reimbursed, tax relief may be claimed directly from HMRC.