HMRC pledges harsh fines for abuse of Self Employed Income Support Scheme (SEISS) grant

Posted on 22nd June 2021 by Samantha Nicholson

HMRC has confirmed the penalty regime for the Self Employed Income Support Scheme (SEISS) with harsh fines. An overclaimed Self Employed Income Support Scheme (SEISS) grant includes any amount paid which the self-employed person was not entitled to or received payments of more than the amount HMRC said they were entitled to when the claim Read more about HMRC pledges harsh fines for abuse of Self Employed Income Support Scheme (SEISS) grant[…]

Coronavirus Job Retention Scheme – changes from July 2021

Posted on 22nd June 2021 by Samantha Nicholson

The first change to the Coronavirus Job Retention Scheme will come into effect from 1 July 2021. From July, employees will still continue to receive 80% of their salary for hours unworked, but the Coronavirus Job Retention Scheme grants will cover 70% of employees’ usual wages for the hours not worked, up to a cap Read more about Coronavirus Job Retention Scheme – changes from July 2021[…]

Plastic Packaging Tax – update

Posted on 9th June 20218th June 2021 by Samantha Nicholson

The UK government has confirmed that its Plastic Packaging Tax is n (PPT) will come into force on 1 April 2022. The PPT will be charged at a rate of £200 per metric ton of chargeable plastic packaging components of a single specification. It will apply to plastic packaging components manufactured in or imported into the Read more about Plastic Packaging Tax – update[…]

HMRC’s VAT Deferral New Payment Scheme set to close on 21st June

Posted on 8th June 20218th June 2021 by Samantha Nicholson

Businesses that deferred VAT payments last year have less than a month left to join online and pay in monthly instalments under the VAT Deferral New Payment Scheme, HMRC has warned. The online portal for the new payment scheme will close on 21 June 2021. Over half a million businesses deferred £34 billion in VAT Read more about HMRC’s VAT Deferral New Payment Scheme set to close on 21st June[…]

Fifth SEISS grant will be open to claims from late July

Posted on 7th June 20218th June 2021 by Samantha Nicholson

HMRC has confirmed that the fifth Self-employment Income Support Scheme (SEISS) grant covering the period May 2021 to September 2021 will open to claims from late July. To be eligible for the grant, an individual must be self-employed or a member of a partnership. They must have traded in the tax year 2019/20 and submitted Read more about Fifth SEISS grant will be open to claims from late July[…]

Advisory fuel rates for company cars

Posted on 7th June 20218th June 2021 by Samantha Nicholson

New company car advisory fuel rates have been published and took effect from 1 June 2021. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on Read more about Advisory fuel rates for company cars[…]

Scams warning for tax credits customers

Posted on 2nd June 2021 by Samantha Nicholson

Tax credits customers should be vigilant and alert to potential scams, HM Revenue and Customs (HMRC) has warned, as the remaining annual renewal packs will arrive in the post this week. In the 12 months to 30 April 2021, HMRC responded to more than 1,154,300 referrals of suspicious contact from the public. More than 576,960 Read more about Scams warning for tax credits customers[…]

Changes to Companies House protected online filing (PROOF) service will enhance security of company filings

Posted on 2nd June 2021 by Samantha Nicholson

Improvements to Companies House’s online services came into effect yesterday (2 June 2021) this will help prevent unauthorised company name changes. PROOF is a free service which lets you protect your company from unauthorised or fraudulent changes to your records. It prevents the filing of certain paper forms, such as changes to your company’s registered Read more about Changes to Companies House protected online filing (PROOF) service will enhance security of company filings[…]

Plastic Packaging Tax – Initial guidance

Posted on 21st May 202130th May 2021 by Samantha Nicholson

Initial guidance to help businesses prepare for the new Plastic Packaging Tax is now available on GOV.UK. The guidance provides a high-level overview of the tax and is designed to help manufacturers and importers of plastic packaging, and businesses that buy plastic packaging (or goods contained in plastic packaging), understand: if they will need to register Read more about Plastic Packaging Tax – Initial guidance[…]

Coronavirus Job Retention Scheme – upcoming changes

Posted on 17th May 202116th May 2021 by Samantha Nicholson

It was announced in March’s budget that the Coronavirus Job Retention Scheme will be extended until the end of September 2021, with changes to the scheme from July 2021. The UK Government will continue to pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, up Read more about Coronavirus Job Retention Scheme – upcoming changes[…]