Government financial help to Businesses

Financial assistance COVID-19

Financial assistance for Businesses during COVID-19 Since the announcement of financial assistance to businesses which employ staff under PAYE, we await the set-up of the HMRC portal through which it is intended that businesses will claim the 80% rebate. It appears that companies can make a claim having designated which staff are ‘furloughed’ i.e. those … Read more

Payment dates to HMRC

Job retention scheme extended

Payment dates to HMRC changed due to COVID-19 With the outbreak of COVID-19 gripping the nation HMRC have announced some changes to the payment dates for VAT and Self-assessment. I would like to take this opportunity to clarify that although there has been a change to the payment deadlines the returns still have to be … Read more

Coronavirus Support

Job retention scheme extended

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by the Coronavirus. This includes a package of measures to support businesses including: a Coronavirus Job Retention Scheme deferring VAT and Income Tax payments a Statutory Sick Pay relief … Read more

Online Self Assessments

Self Assessment tax return SATR

Self Assessments online filing HM Revenue & Customs are thanking all customers who filed their Self Assessment tax returns by the 31st January deadline. A record breaking 11.1 million returns were received including 10.4 million online Self Assessment returns. About 11.7 million customers were required to file their 2018 to 2019 tax returns by 11.59pm … Read more

Self Assessment Deadlines

self assessment scam warnings

What is Self assessment? Self assessment is the system HM Revenue and Customs use to collect Income tax from people who are not eligible to have it deducted at source. This could be due to self-employment, a second income from property or pension payments to name but a few. If you are self employed or … Read more

HMRC faces requests for income tax refunds

Income tax refunds

In the tax year 2018/19 around 460,000 requests were made to HMRC for refunds on overpaid income tax, according to an FOI request by the insurance company Royal London. The repayment values totalling £5.1billion made to individuals, made up of refunds made to individuals and for personal pension contributions and although individual taxpayers were refunded … Read more

Subscribe to our Newsletter

Keep Up-to-date with the latest TAX And Accountancy news

Limited company Formation

From AJR & Co Ltd