Self Employment Support Scheme

self employment income support scheme

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

Capital Gains Tax changes

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

November 2020 lockdown

Job Support Scheme

The help for the self employed and businesses affected by the November 2020 lockdown has been updated. Self Employment Income Support Extension The Self-Employment Income Support Scheme grant extension provides critical support to the self-employed in the form of 2 further grants, each available for 3 month periods covering November 2020 to January 2021 and … Read more

Self-Assessment Scam Warnings

self assessment scam warnings

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

Self assessment ‘time to pay’

self assessment scam warnings

HMRC have raised the threshold for the Self assessment ‘time to pay’ online service from £10,000 to £30,000. Following the Chancellor of the Exchequer’s announcement on the 24th September, the limit for the online service used to set up payment plans has been raised to £30,000. This is part of the Governments support for businesses … Read more

SEISS Extension

SEISS extended

HMRC have updated their guidance to reflect that the SEISS (Self-Employment Income Support Scheme) is being extended from 1 November 2020. The extension will provide two grants and will last for six months, from November 2020 to April 2021. Grants will be paid in two lump sum instalments each covering a three-month period. The first … Read more

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