All changes take effect from April 2023 HMRC is seeking to modernise the tax system and to bring in tax revenues earlier. A key part of this is the introduction of MTD (officially “Making Tax Digital”), currently scheduled for April 2024. The cornerstone of HMRC’s MTD system is the requirement…
HMRC require full income to be included in your Tax return We have been made aware via our professional institutes that HMRC are in the process of sending out letters to most directors and shareholders of small companies asking them to check that all of their income has been included…
Although the main furlough scheme is being wound down, there remain a number of government support measures in place relating to both Covid-19 and the country’s economic recovery. Three of these which are currently topical and worth sharing more widely are the subject of this article. Fifth self-employment (SEISS) grant…
Next Tuesday, 1st June marks the deadline for claiming the fourth grant under the government’s coronavirus Self Employment Income Support Scheme (SEISS). The fourth grant covers the period from 1 February to 30 April 2021 and is for 80% of trading profits up to a maximum of £7500 for an…
We would like to make you aware of a number of recent changes to the government’s coronavirus business support schemes. Local Authority Grants Eligibility Check for Coronavirus Financial Support The government website now has a facility for you, to be able to answer some basic questions in order to tailor…
We would like to make you aware of a number of recent changes to the government’s coronavirus business support schemes. Deadlines for Making Claim All claims under the furlough scheme must now be made by the 14th day of the following month. This means 14th December for November claims, 14th…
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