The eligibility criteria for the fifth SEISS grant have been further tightened. Claimants are being contacted now, by HMRC, by email or letter, setting out when a claim can be made. Applications for this grant open late July and close…
Business owners can now apply for ongoing access to financial support as they recover and grow following the coronavirus pandemic. The scheme can be used for any legitimate business purpose, including managing cashflow, investment and growth. It is designed to…
In the latest Budget, the Government announced details of who can claim the fourth SEISS grant and the level that claims can will be paid out at. Some significant changes have been introduced for the fourth grant, please take a…
The Coronavirus Business Interruption Loan Scheme (CBILS) set to close for applications at the end of March 2021. If you intend to make an application for a CBILS loan you must ensure that your Bank / chosen financier has lodged…
HMRC announced this week (on Friday 19th February 2021) that Self Assessment customers will not be charged the initial 5% late payment penalty if you pay your tax or make a Time to Pay arrangement by 1 April 2021. So…
HMRC have announced the launch date for their new VAT deferral payment scheme. We detail below how to make use of the scheme and the other options that you currently have to settle the liability. What Are My Options?…
HMRC has announced today that there will be no penalties for filing the 2019-20 Self Assessment Tax Return late, so long as they are filed online by 28 February. You will still need to pay your Self Assessment tax bill…
Claims for the third SEISS grant must be submitted by 29 January 2021. The timing of the deadline for claims for the third Self Employment Income Support Scheme (SEISS) grant is perhaps unfortunate, clashing as it does with the self assessment filing…
As the deadline looms for VAT deferred between 20 March and 30 June 2020 to be paid, we detail below the options that you currently have to settle the liability. Essentially, you can pay now or get ready to opt…
Quite aside from how your Family Christmas plans have been affected by COVID-19 , the Chancellor has been busy trying to put stepping stones in place to support business contend with tough conditions for what seems likely to continue for…