Self Assessment

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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COVID Loan

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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Business Corporate

New Companies House rules to “crack down” on corporate fraud

Dec 10, 2020

Directors will need to verify that they are real people before they can act for a company, according to new proposals. The measure forms part of a new crack down on corporate fraud in a bid to improve transparency and confidence ...

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Self Assessment

HMRC temporarily suspends activation code requirement for new Self Assessment taxpayers

Dec 07, 2020

New Self Assessment taxpayers will no longer need to wait for an activation code to be sent in the post before they can access their personal tax account, it has been revealed. The change comes two months ahead of the online ...

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Pub Christmas

Coronavirus: Pubs in tier two and three areas set to receive new £1,000 grant funding

Dec 03, 2020

Pubs that principally serve alcohol in tier two and three areas are set to receive additional financial support over the Christmas period following an announcement by the Government. According to Government guidelines, pubs that do not serve ‘substantial meals’ are not ...

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Fuel (2)

Advisory Fuel Rates: updates from 1 December 2020

Nov 30, 2020

HM Revenue and Customs (HMRC) has updated the Advisory Fuel Rates (AFRs) which come into effect on 1 December 2020, for company car drivers requiring fuel costs from their employer. However, you can use the previous AFRs for up to ...

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Self Employed Update

Self-employed profits must be “significantly reduced” to claim third SEISS grant, says HMRC

Nov 26, 2020

Self-employed workers’ profits must be “significantly reduced” in order to claim the third instalment of the Self-Employment Income Support Scheme (SEISS), it has been revealed. The new guidance comes less than a week before applications open on 30 November 2020. Under previous ...

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Companies House to scrap paper

Companies House to scrap paper reminder letters

Nov 26, 2020

Companies House has announced that businesses will no longer receive reminder letters, as it seeks to end paper communications. Businesses across the UK have been receiving a notification letter by post letting them know that Companies House is withdrawing this service, ...

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Third round of Self-Employment Income Support Scheme

Third round of Self-Employment Income Support Scheme (SEISS) opens on Monday with tighter eligibility criteria

Nov 26, 2020

The third round of the Self-Employment Income Support Scheme (SEISS) will open on Monday 30 November 2020 with tighter eligibility criteria than have applied to the previous two rounds of the scheme. The third grant is worth 80 per cent of ...

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Important deadlines approach for the furlough scheme

Important deadlines approach for the furlough scheme

Nov 26, 2020

  Businesses across the UK are being reminded of key deadlines and actions for the Coronavirus Job Retention Scheme (CJRS), which are just days away. The CJRS was extended recently to 31‌‌‌ ‌March 2021 for all parts of the UK. Since 1 ...

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