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Taxing Times - A COVID-19 Tax Update as of April 7, 2020

Firm Memoranda

During these difficult times, government authorities in the United States and the United Kingdom are taking extraordinary measures aimed at curbing the economic impact of the COVID-19 pandemic. While the world is in lockdown, new rules regarding taxation are expected to have a significant impact on corporate and individual taxpayers and their remedies against tax authority actions.

Some of the initial measures in the United States and the United Kingdom include significant shortterm changes to:

1. Tax payment deadlines;
2. Tax status and tax liability; and
3. The powers of revenue authorities.

This memorandum provides an update on the most recent tax measures and highlights some key areas
for taxpayers.

Click here to keep reading.

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John Quinn
johnquinn@quinnemanuel.com
Phone: +1 213 443 3200

Liesl Fichardt
lieslfichardt@quinnemanuel.com
Phone: +44 20 7653 2040

Lazar Raynal
lazarraynal@quinnemanuel.com
Phone: +1 312 705 7411

Mark McNeill
markmcneill@quinnemanuel.com
Phone: +1 212 849 7351

Karl Stern
karlstern@quinnemanuel.com
Phone: +1 713-221-7171

AJ Merton
ajmerton@quinnemanuel.com
Phone: +1 202-538-8226

Karabeth Ovenden
karabethovenden@quinnemanuel.com
Phone: +44 20 7653 2491

Chintan Chandrachud
chintanchandrachud@quinnemanuel.com
Phone: +44 20 7653 2038