You might have been contacted by your bank to fill in a form enquiring about your CRS status. In simple terms, CRS stands for Common Reporting Standard.

Inland Revenue has announced it will write off penalties and interest for those who can’t pay their tax on time due to Covid-19. It requests those who can’t pay get in touch with them when they can.

If you are going to give a guarantee, make it worthwhile and real. No vague statements. 

In our last newsletter we warned you to prepare for a change of business environment. It’s come on quicker than expected. 

If you pay your tax one day late you come out of what is called the Safe Harbour scheme. 

Kick-starting the economy – what a cliché! Here are some thoughts about ways we can all help:

Inland Revenue has come up with some new rules on telecommunications. 

There have been several tax changes recently. Some of the important ones are listed here: