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 […]

What COVID 19 support is available

Available COVID19 support

Here’s the latest information about what COVID 19 support is available to help you financially. This includes: a reminder of the 14‌‌‌ ‌June deadline for submitting May Coronavirus Job Retention Scheme (CJRS) claims details of changes to the CJRS from July and the 21‌‌‌ ‌June deadline for joining the online VAT deferral new payment scheme. […]

Corporate Interest Restriction

Corporate Interest Restriction

Corporate Interest Restriction (CIR) legislation became effective from the 1st of A‌pr‌il 2017. It applies to corporate entities.  It’s aim is to restrict a group’s deductions for interest expense and other financing costs for Corporation Tax purposes to an amount that is commensurate with taxed UK activities. It takes into account how much the group […]