Posted in COVID-19, Tax
February 19th, 2021
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…
Posted in COVID-19, Tax
February 3rd, 2021
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…
Posted in Brexit
February 3rd, 2021
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…
Posted in COVID-19, Tax
January 29th, 2021
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…
Posted in COVID-19, Tax
January 26th, 2021
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…
Posted in COVID-19, Tax
January 25th, 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 are still…
Posted in Accounting, Bookkeeping, Tax
November 25th, 2020
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…
Posted in COVID-19, Tax
November 25th, 2020
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.…
Posted in COVID-19, Tax
November 6th, 2020
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…
Posted in COVID-19, Tax
November 3rd, 2020
The generosity of the Self-Employment Income Support Scheme (SEISS) Grant Extension will be increased from 40% of average trading profits, to 55%. In addition, the opening of the service has…
