29 Apr 2020

HM Treasury and HMRC have announced a 3 month extension to the deadlines for a series of tax policy consultations and other work in the light of the current COVID-19 crisis. The update, which can be found here, details the rationale for the delay and consultations affected.  

These include the following :

AREF Tax Committee will continue discussions on relevant consultations including the consultation on the Tax treatment of Asset Holding Companies which is of interest particularly to the real estate sector.

The delay of the Notification of uncertain tax treatment by large businesses is particularly welcome as this had been part of a number of specific policy asks that the Investment Association submitted to HMT and HMRC in March.  

These extensions will allow stakeholders more time to offer their views and increase engagement with industry partners who may currently be struggling for key technical resource needed to respond to these policy consultations.

As part of the release the UK Government have been clear that despite the extensions due to COVID-19, they remain committed to all planned reforms previously announced.


Anshita Joshi

Anshita Joshi

Tax Advisor, AREF

Anshita Joshi is the Tax Advisor at AREF and is responsible for developing and leading AREF’s tax agenda on issues relating to corporate and fund tax matters including VAT and withholding taxes. Anshita has over 15 years of experience in dealing with investment management tax matters, having previously at PwC as a Senior Manager in the asset management tax team.