AJR & Co 
With the Self Employment Income Support Scheme being extended to provide support until March 2021 HMRC have published the details for the third grant. The Changes The eligibility rules have changed, however a self assessment tax return for 2018-19 will need to have been submitted and will need to show income from self employment. The … Read more
Capital Gains Tax changes self assessment taxpayers need to know. HMRC is reminding taxpayers that they have until 31 January 2021 to declare any profit made from selling a UK residential property, which was not their main home, during the 2019-20 financial year. Since 6 April 2020 there have been changes to how taxpayers declare … Read more
HMRC issue self assessment scam warnings asking self assessment customers to be alert to criminals claiming to be from HM Revenue and Customs. As the department issues thousands of SMS messages and emails as part of its annual Self Assessment tax return push, HMRC is warning customers completing their returns to take care to avoid … Read more
It has been announced that the Coronavirus Job Retention Scheme will be extended until March 2021. This is a 5 month extension to the original scheme which will support employers keep employees over the winter months. Workers across the United Kingdom will benefit from increased support with a five-month extension of the furlough scheme into … Read more
The generosity of the Self-Employment Income Support Scheme (SEISS) Grant Extension will be increased from 40% of average trading profits, to 55%. In addition, the opening of the service has been brought forward from 14 December to 30 November. How will it work? The SEISS Grant Extension provides support to the self-employed in the form of … Read more
In light of the increased restrictions introduced to curb the coronavirus pandemic, the UK government have announced the job retention scheme will be extended, this is one of the additional economic measures to support both employers and employees. Latest changes The Coronavirus Job Retention Scheme (CJRS), which was due to end on 31 October, will now … Read more
The Job Support Scheme (JSS) will open on 1 November and run for six months, until 30 April 2021. The government has said it will review the terms of the scheme in January 2021. There are two variations to JSS – JSS Open and JSS Closed. The UK Government today announced it will significantly increase … Read more
The Job Support Scheme has been expanded to include support for businesses required to close due to local restrictions. Extension of the Job Support Scheme (JSS) The new Job Support Scheme has been expanded to offer support to businesses across the UK that are required to close their premises due to coronavirus restrictions. Businesses required … Read more
Due to coronavirus it was possible to defer the Self assessment payment to HMRC due 31st July 2020. For those that chose to defer due to the impact of coronavirus the tax owing should be paid in full by 31st January, 2021. No penalties or interest will be added as long as it is paid … Read more
HM Revenue and Customs (HMRC) has received more than 54,800 claims from customers using a new online portal which allows workers to claim tax relief for working at home. Launched on 1 October, the online portal is simple to use and has been set up to process tax relief on additional expenses for employed workers … Read more
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