If you deferred paying your July 2020 Payment on Account, you will need to pay the deferred amount, in addition to any balancing payment and first 2020/21 Payment on Account, by 31 January 2021. This may be a larger payment than you usually pay in January. If you are unable to pay your Self-Assessment bill in Read more about New Self Assessment Self-Serve Time To Pay Scheme[…]
The government is continuing its support for millions of self-employed individuals by extending the Self-Employment Income Support Scheme (SEISS) grant. Self-employed individuals and members of partnerships who are eligible for the Self-Employment Income Support Scheme and are actively continuing trading but are experiencing reduced demand due to coronavirus (COVID-19), will be eligible for a further Read more about Self Employment Income Support Scheme extended[…]
Those eligible for the Self-Employment Income Support Scheme can now claim a second grant covering 70% of their average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits and capped at £6,570 in total.
On Friday (29 May) the Chancellor, Rishi Sunak, announced more details about the extension of the Self-Employment Income Support Scheme. The Self-Employment Income Support Scheme has been extended for those self-employed whose trade continues to be, or is newly, adversely affected by COVID-19 (coronavirus). Eligible self-employed people will be able to claim a second and Read more about Extension Self-Employment Income Support Scheme[…]
The SEISS grant portal opens from 8am today (13 May 2020) if you are eligible to apply for a SEISS grant. Payments, are to be paid in a single instalment covering three months and capped at £7,500, and are expected to land in bank accounts by 25 May, or within six working days of your Read more about Self-employment Income Support Scheme (SEISS) portal is now open[…]
A summary of the scheme The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. This is a temporary scheme, but it may be extended. If you receive the grant you can continue Read more about Check to see if you are eligible for the Self-Employment Income Support Scheme today[…]
Deadline for submitting your 2017/18 self assessment return (£100 automatic penalty if your return is late) and the balance of your 2017/18 liability together with the first payment on account for 2018/19 are also due. This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to Read more about Self assessment (Tax Return) Deadline filing deadline is fast approaching[…]