The COVID-19 pandemic has caused major disruptions across the world economy. In the UK, there have been severe interruptions to supply chains of raw materials and finished goods, temporary or permanent closures of many businesses, and significant job losses in sectors such as hospitality and events, tourism, and travel among others. These developments have also negatively affected business activities and deprived the government considerable tax revenue. Despite the dwindling tax receipts, the UK government has had to increase spending in healthcare to contain the COVID-19 outbreak, as well as availing financial support for businesses and the government's job retention (furlough) scheme. The outcome of these efforts has left the government at an unavoidably constrained fiscal position. Using knowledge acquired from the BE142 module and your supplementary reading, you are required to identify and critically discuss ways in which the UK government can reform existing taxation structures to support the economy through the COVID-19 crisis and improve its fiscal position.