The Self-Employment Income Support Scheme is due to be active on the 13th May 2020 but how are HMRC calculating the amounts and what if you are not eligible? The scheme will enable the self employed to claim a taxable grant of 80% of their monthly trading profits. This will be paid in a single … Read more Self-Employment Income Support Scheme
Self Employed help during COVID-19 The Chancellor has announced a new Self- employment income support scheme for those affected by COVID-19. What self- employed help is available? Self-employed people will be able to apply for a grant of 80% of their monthly profits over the last three years, up to £2,500 a month. There is … Read more Self Employed Help
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 Payment dates to HMRC
Paper self-assessment returns will no longer be automatically sent out by HMRC. With the aim to encourage online filing and cut paper usage. Why digital? Why now? For the 2018/19 tax year 94% filed their tax return online recent 110% increase in customers registering for digital communication, HMRC feels this is the next step to … Read more Paper Self-assessment Return
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