Business as usual – we’re operating remotely once again. During this time, please may we ask you visit the office for scheduled record drop off only.

Budget update spring 2021

Following the Chancellor’s Budget on Wednesday, we have updated our resource page for our spring newsletter. Focusing mainly on the budget. If you haven’t taken a look already, download now.…

Self Assessment Late Payment Penalties

Today HMRC has announced that Self Assessment customers will not be charged the initial 5% late payment penalty if they pay their tax or make a Time to Pay arrangement…

How trading conditions affect eligibility for the Self-Employment Income Support Scheme

HMRC has updated its guidance to define what it means by reduced activity, capacity or demand or temporary closure and gives examples of how this could affect eligibility. Claims for…

BREXIT NEWS

For smaller UK businesses exporting to the EU, the new Brexit rules have so far been problematic for many and unworkable for some. One of the unexpected issues that has…

Self Assessment 2021 update

On 25 January HMRC announced that Self Assessment customers will not receive a late filing penalty for their late tax return if they file online by 28‌‌ ‌February. This easement…

Third SEISS grant deadline fast approaching

The deadline for claiming the third SEISS grant is fast approaching. If you are eligible, you must make your claim on or before 29‌‌‌ ‌January 2021. As with the first…

Extension to self assessment filing deadline

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 are still…

Completing customs import declarations

The UK transition period ends in 3‌‌7 days. If your business trades with other countries from Europe or you represent a business who does, from 1‌‌‌ ‌January you’ll need to…

Self-Employment Income Support Scheme (SEISS) third grant: Full details now published

Full details of the third SEISS grant to support self-employed people affected by coronavirus (COVID-19) have been published on GOV‌‌.UK. The rules on who is eligible to claim have changed.…

Self-Employment Income Support Scheme (SEISS) Grant Extension

Yesterday the Chancellor announced that the UK Government is increasing the overall level of the next SEISS grant from 55% to 80% of trading profits. This grant will cover a…