HMRC: Extension to 19/20 deadline
HMRC have confirmed they will extend the deadline for submission of 2019/20 tax returns by 1 month
Tax Knowledgebase – Changes to Access
Our knowledge base was launched several years ago, and provides access to a wide range of articles for self employment, particularly around the complexities of income and expenses for consultants. However we’ve noticed an increased number of visits from non-consultants,...
Self Assessment Deadline: 55% of returns in (HMRC)
Around 5.4 million self assessment tax returns are still outstanding, and have less than a month to submit. HMRC expects 12.1 million tax returns to be filed for the 2019/20 financial year, with 6.2 million (55%) already being returned –...
Malgra and Brexit
From 1 January 2021, the UK’s withdrawal from the European Union takes affect after the transition periods ends. All businesses are required to make changes to the way in which they operate, where services or products are purchased from European...
HMRC to block future SEISS grants, if query on account, and no reply
HMRC has written to around 24,000 self employed individuals who have claimed the SEISS but also ended their Self Employment. If you are one of the individuals who ended Self Employment and claimed a SEISS grant, you will be required...
Changes to the Winter 2020/21 SEISS (Increased grants – updated 25/Nov)
On 5 November 2020, the chancellor announced a further change to the third SEISS (Self-Employment Income Support Scheme) which covers the the Autumn/Winter 2020 period. (updated 25 Nov) HMRC expects you to make an honest assessment about whether you reasonably...
Winter 2020/21 Self-Employment Income Support Scheme Grant Extension
Details of the new self employment income scheme grant extensions
Winter 2020/21 Self-Employment Income Support Scheme Grant Extension
The chancellor today (22 October 2020) has announced a change to the third SEISS (Self-Employment Income Support Scheme) which was due for the Autumn/Winter 2020 period. The Self-Employment Income Support Scheme Grant Extension will be paid in two grants, available...
Extension to the Self Employed Income Support Scheme (SEISS)
On 24 September 2020, the Chancellor Rishi Sunak confirmed that there would be an extension to the Self Employed Income Support Scheme (SEISS) with two further extensions. Details of the third extension have been announced, however the full details of...
Making Tax Digital (MTD) for non-VAT Self Employed
Yesterday (21 July 2020), the government announced that non-VAT self employed individuals will be moved to the mandatory Making Tax Digital (MTD) system from 6 April 2023. What is Making Tax Digital (MTD)? Making Tax Digital (or MTD for short)...
