Here are some of the key points from the budget of 3 March 2021: Furlough and Self-employed grant extended until September. Universal Credit uplift of £20 to be extended for a further 6 months. Incentive payments of £3,000 for all new hires of any age. Business rates holiday will be extended until June. National insurance, Read more about Main points from the budget (3 March 2021)[…]
Today HMRC has announced that Self Assessment customers will not receive a penalty for filing their 2019-20 tax return late, as long as they file online by 28 February. We would still encouraging you to file by 31 January, if possible. You still need to pay their Self Assessment tax bill by 31 January. Interest will be Read more about Self assessment – late filing penalty suspended[…]
Deadline for submitting your 2019/20 self assessment return is 31 January 2021, along with the balance of your 2019/20 liability together with the first payment on account for 2020/21. This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their Read more about Deadline for submitting your 2019/20 self assessment return[…]
We wanted to remind you that applications are now open for the third SEISS grant to support self-employed people affected by coronavirus (COVID-19). The rules on who is eligible to claim are different to those for the previous SEISS grants. However, a Self Assessment tax return for the tax year 2018 to 2019 showing self-employment income (unless one Read more about Self-Employment Income Support Scheme (SEISS) third grant: Applications now open[…]
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[…]
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[…]