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 ‘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

Self-Employment Income Support Scheme

Job retention scheme extended

HMRC have now issued further guidance for the government’s Self-Employed Income Support Scheme which will open ahead of schedule on the 13th May, 2020. The scheme will benefit self-employed individuals or those in a partnership whose business has been adversely affected by coronavirus, covering most people who get at least half of their income from self-employment.  SEISS is a temporary scheme that will … Read more

Self Employed Help

self employed help COVID-19

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

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

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From AJR & Co Ltd