Category Archives: Latest News

SEISS latest updates

SEISS latest updates

Here are the SEISS latest updates ahead of the 30‌‌th of ‌September deadline to claim the fifth and final Self-Employment Income Support Scheme (SEISS) grant. Preparing turnover figures for the fifth SEISS grant The majority of people applying for the fifth SEISS grant need to tell HMRC their turnover for the: ‘reference period’ (this needs […]

Delay to MTD for Income Tax

Delay to MTD for Income Tax

The Government has announced a delay to MTD for Income Tax Self Assessment (ITSA).  And with everything that’s going on here in the UK at the moment, I’m sure there won’t be too many people annoyed about that. Bringing Self Assessment into the Making Tax Digital programme remains firmly on the agenda for The Government […]

Fifth SEISS grant webinars

Fifth SEISS grant webinars

Webinars for the fifth Self-Employment Income Support Scheme (SEISS) grant are now available from HMRC. Claiming the the fifth SEISS grant will be possible when the online claims service opens in late J‌ul‌y. From mid-J‌ul‌y, HMRC will be contacting people who may be eligible to let them know their personal claim date You can claim […]

Claiming the fifth SEISS grant

Claiming the fifth SEISS grant

Claiming the the fifth SEISS grant will be possible when the online claims service opens in late J‌ul‌y. From mid-J‌ul‌y, HMRC will be contacting people who may be eligible to let them know their personal claim date. This will be the earliest date they can make their claim. Eligibility for claiming the fifth SEISS grant […]

Reporting SEISS grants on Self Assessment tax returns

Reporting SEISS grants on Self Assessment tax returns

Reporting SEISS grants on Self Assessment tax returns is required as they are taxable and subject to self-employed National Insurance contributions. From the 19‌‌th of ‌June, HMRC will be automatically correcting returns and issuing a notice to tell you that they have done this. However, incorrect returns received before that date will need to be […]