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Furlough Scheme Changed

Furloug Scheme Changed 1st July 2021

The Government contribution towards the furlough scheme changed as of the 1st July 2021. From 1st July, the level of grant reduced with employers now contributing towards the cost of furloughed employees’ wages. To remain eligible furloughed employees must still be paid 80% of their wages (up to a cap of £2,500) for the time … Read more

5th SEISS Grant

5th SEISS Grant

HMRC has confirmed that the 5th SEISS (Self Employment Income Support Scheme) grant will be available from the end of July. This will cover the period May to September. The grant is taxable and will be paid out in a single instalment. Guidance for claiming the grant will be available by the end of June … Read more

Tax Debt Collection

Debt Collection

Tax debt collection as the UK emerges from Covid-19 Protecting livelihoods and keeping people in work remains the government’s priority. As it has been throughout the pandemic. HMRC has been central to delivering on this by pausing many debt collection activities and delivering support packages including Coronavirus Job Retention Scheme and Self Employment Income Support Scheme. … Read more

SEISS Grant Over claims

SEISS Grant over claims

Self-Employment Income Support Scheme – receiving grants you were not entitled to guidance. An overclaimed SEISS grant includes any amount of grant which: you were not entitled to receive was more than the amount HMRC said you were entitled to when you made your claim This includes where a tax return being amended on or … Read more

Additional Restrictions Grants

Additional Restrictions Grants

The Additional Restrictions Grants scheme is open until April 30th 2021. The Buckinghamshire Additional Restriction Grant scheme is open for applications until April 30th. Buckinghamshire Council has reopened the scheme for two additional rounds of funding for businesses heavily impacted by COVID-19 restrictions during February 2021 and March 2021. Businesses can apply for both rounds of funding through … Read more

4th SEISS claims

4th SEISS claims

The online service for applications for the 4th self employment income support scheme (SEISS) claims is now open. All applications must be submitted by the individual self employed worker and cannot be handled by accountants or tax advisers. It is expected that up to 600,000 self employed individuals will be able to apply for the … Read more

Working from Home Tax Relief

working from home tax relief

Employees working from home due to the coronavirus pandemic can continue to claim tax-relief on costs not reimbursed by their employer, but a new claim will need to be made for the 2021/22 tax year. Normally, employers can pay a tax-free allowance of up to £6 per week/£26 per month to employees required to work … Read more

Self Assessment Payment Plan

Self Assessment

The deadline for paying outstanding tax liabilities or setting up a Self Assessment payment plan is the 1st April. This will avoid incurring penalty charges for Self Assessment. Last month, HMRC said that due to the impact of the COVID-19 pandemic, they were giving Self Assessment taxpayers more time to pay their tax or set … Read more

Recovery Loan Scheme

Recovery Loan Scheme

The Recovery Loan Scheme ensures businesses of any size can continue to access loans and other kinds of finance up to £10 million per business once the existing Covid-19 loan schemes close. This will provide support as businesses recover and grow following the disruption of the pandemic and the end of the transition period. The … Read more