The tax implications of Covid-19 is something all businesses are now grappling with. Freshfields’ London tax team answers the key questions.
The size of the challenge
1. What are the key challenges facing businesses as a result of the Covid-19 crisis?
It is no exaggeration to say that the Covid-19 health crisis – and more significantly the extent of the global governmental response in the form of lockdowns social distancing and travel restrictions – presents an unprecedented cocktail of challenges for businesses. Companies must deal with major disruption to their workforce and working practices with remote working – and the IT wellbeing and other challenges it presents – becoming widespread almost overnight. At the same time in sectors such as tourism physical retail and the leisure industry revenues have plummeted as consumers stay at home leading to a scramble to conserve...
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The tax implications of Covid-19 is something all businesses are now grappling with. Freshfields’ London tax team answers the key questions.
The size of the challenge
1. What are the key challenges facing businesses as a result of the Covid-19 crisis?
It is no exaggeration to say that the Covid-19 health crisis – and more significantly the extent of the global governmental response in the form of lockdowns social distancing and travel restrictions – presents an unprecedented cocktail of challenges for businesses. Companies must deal with major disruption to their workforce and working practices with remote working – and the IT wellbeing and other challenges it presents – becoming widespread almost overnight. At the same time in sectors such as tourism physical retail and the leisure industry revenues have plummeted as consumers stay at home leading to a scramble to conserve...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
