Last week the government announced tax changes for Health and Social care to fund the £12 billion a year to be spent on the NHS and social care across the UK. These are the changes that are being made to personal income tax and National Insurance contributions for employees and employers. Changes from April 2022 […]
03
Aug
Aug
Here’s an August update on CJRS claims Submit CJRS claims for July Coronavirus Job Retention Scheme claims for July must be made by Monday the 16th of August. Employers can claim 70% of furloughed employees’ usual wages for the hours not worked, up to a cap of £2,187.50 per month. They’ll need to pay the […]
28
Jul
Jul
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 […]
19
Jul
Jul
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 […]
12
Jul
Jul
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 […]
05
Jul
Jul
HMRC will be carrying out SEISS pre-claim checks by contacting up to 27,000 potentially eligible customers to undertake a pre-claim check before the fifth SEISS grant opens. They will write to affected customers to let them know that they’ll phone them on the number they provided in their 2019-20 Self Assessment tax return to check […]
28
Jun
Jun
Detailed guidance about the fifth SEISS grant will be published ahead of the scheme opening. In the meantime, here are the latest SEISS updates. Calculating the fifth SEISS grant The amount of the fifth grant will be determined by a turnover test, which details how much your turnover has reduced in the 2020-21 tax year […]
21
Jun
Jun
The new VAT deferral payment scheme is open for all businesses who deferred paying VAT due between the 20th of March and 30th of June 2020, and were unable to pay in full by the 31st of March 2021. Deadline The last day businesses can join the scheme is the 21st of June 2021. If […]
14
Jun
Jun
Are you trading with the EU? If your business moves goods between the UK and countries in the EU, you’ll need to follow new customs and tax rules. Your business will be affected by the new rules if you: buy goods from an EU seller and bring them into the UK send goods they’ve sold […]
07
Jun
Jun
You may be able to claim tax relief for additional household costs if you have to work at home on a regular basis as an employee. This applies to either all or just part of the week. Additional costs include heating, metered water bills or business calls that have been incurred wholly, exclusively and necessarily […]
