Self Assessment: thousands spread tax liabilities in response to coronavirus disruption
Jan 14, 2021
Thousands of self-employed workers have taken advantage of the Government’s extended Time to Pay scheme ahead of the 31 January Self Assessment deadline, a new report has revealed. HM Revenue & Customs (HMRC) said around 25,000 taxpayers have now registered to ...
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CJRS: Main changes to the extended scheme
Jan 12, 2021
Towards the end of 2020, the Chancellor announced the furlough scheme’s extension until 30 April 2021, which will continue to contribute 80 per cent towards employees’ wages. Despite some similarities to the initial scheme in March 2020, ...
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Are you making full use of the Government’s COVID-19 financial support package?
Jan 08, 2021
Download our latest guide to make sure you are taking advantage of the support on offer As we enter yet another national lockdown, businesses may be concerned about their ability to survive and succeed in the weeks and months ahead. The level ...
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HMRC warns of tax scams ahead of Self Assessment deadline
Jan 07, 2021
HM Revenue & Customs (HMRC) has warned businesses to watch out for tax scams ahead of the 31 January Self Assessment Deadline. It comes after the tax office responded to thousands of reports of bogus emails, text messages and phone calls ...
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Chancellor announces grants worth up to £9,000 for businesses in the retail, hospitality and leisure sectors
Jan 05, 2021
The Chancellor, Rishi Sunak, has announced a package of one-off grants worth between £4,000 and £9,000 for businesses in the retail, hospitality and leisure sectors, following the announcement of a nationwide lockdown in England lasting until at least mid-February. The new ...
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Employers: call for furlough scheme to be introduced to working parents while schools are closed
Jan 04, 2021
The Trades Union Congress (TUC) states that working parents with children, who struggle to balance their work-life and childcare, should be put on the furlough scheme whilst the schools are closed. According to the union, many bosses may be unaware that ...
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COVID-19: enhanced payment plans for Self-Assessment individuals
Dec 21, 2020
To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers - increasing the threshold from £10,000 to £30,000. ...
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Coronavirus furlough and loan schemes further extended
Dec 18, 2020
As businesses prepare to enter a new year, the Chancellor Rishi Sunak has confirmed a further extension to the Government-backed loans and Coronavirus Job Retention Scheme (CJRS). In a move that the Chancellor said would provide "certainty for millions of jobs ...
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The most common Self Assessment errors, according to HMRC
Dec 17, 2020
With less than two months to go until the 31 January Self Assessment deadline, HM Revenue & Customs (HMRC) is calling on taxpayers to get their annual return right the first time around. It comes after research revealed that approximately 90,000 ...
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Government has instructed fraudulent coronavirus loan applications to be reported
Dec 14, 2020
To get ahead of the anticipated rise in company collapses next year, the Insolvency Service has instructed insolvency practitioners to report all fraudulent coronavirus loan applications to them. This executive agency of the Department for Business, Energy and Industrial Strategy, has ...
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