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[…]
This evening HMRC shared the latest information about the Coronavirus Job Retention Scheme, which included updates to guidance and the online service based on your feedback, and how to avoid common mistakes that can lead to a wrong or delayed payment. Save and return option now added In response to feedback from users of the Read more about Coronavirus Job Retention Scheme – Update for employers[…]
Stay vigilant about scams, which may mimic government/HMRC messages as a way of appearing authentic and unthreatening. Should you receive a suspicious text, phone call or email, you should notify HMRC by forwarding suspicious emails claiming to be from HMRC to phishing@hmrc.gov.uk and texts to 60599 Below are some examples of scams that HMRC are aware Read more about Please be aware of scams[…]
Sheffield City Council are asking businesses to complete an impact survey. In their statement they say ‘Covid-19 has impacted on us all. Businesses need help, support and guidance to recover, rebuild and thrive again. Understanding the impact that Covid-19 has had on local businesses and how they have responded during the lockdown will provide hugely Read more about Impact survey[…]
A discretionary fund has been set up to accommodate certain small businesses previously outside the scope of the business grant funds scheme. This additional fund is aimed at small businesses with ongoing fixed property-related costs. We are asking local authorities to prioritise businesses in shared spaces, regular market traders, small charity properties that would meet Read more about Government announces top up to local business grant funds scheme[…]
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[…]
The Business Secretary Alok Sharma and Minister for Regional Growth and Local Government, Simon Clarke spoke to local authorities in England yesterday to set out that up to £617 million would be made available. This is an additional 5% uplift to the £12.33 billion funding previously announced for the Small Business Grants Fund (SBGF) and Read more about Top-up to local business grant funds scheme announced[…]
To help reduce administrative burdens on charities, if a charity event is cancelled due to coronavirus (COVID-19), HMRC will accept that where a person due a refund decides to donate this to a charity, the requirements of S416 ITA07 are met provided: the individual does not receive a benefit as a result of their donation Read more about Charities can claim gift aid for cancelled tickets for charity events during coronavirus (COVID-19)[…]
With the next VAT deadline date of 7 May fast approaching, we wanted to send a reminder of the process for those who wish to utilise the VAT payment deferral announced by the Chancellor in March. There’s no need to apply for a deferral BUT: You are still required to file a return through the Read more about VAT Payment deferal[…]