This week HMRC will start to contact businesses who could be eligible for the SEISS and they have confirmed agents can’t make the claim on a clients behalf
This week HMRC have started contacting self-employed customers who we think could be eligible for the Self-Employment Income Support Scheme (SEISS), based on the information they provided in their 2018 to 2019 tax return. HMRC are inviting customers to use their online checker which will quickly confirm whether they are eligible and will give customers […]
If you’re self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) find out if you can use this scheme to claim a grant
The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. This is a temporary scheme, but it may be extended. If you receive the grant you can continue to work, start a new […]
New government backed loan scheme for small business looking to borrow between £2,000 and £50,000
Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders, the Chancellor announced yesterday (Monday 27 April). Rishi Sunak said the new Bounce Back Loans scheme, which will provide loans of up to £50,000, would help bolster the existing package of support available to the smallest […]
HMRC have released a step by step guide to claiming the Coronavirus Job Retention Scheme grant
If you are preparing a claim for the Coronavirus Job Retention Scheme grant and want further information on how to process the claim when the system becomes live on 20/04/20 HMRC have prepared a handy step by step guide for employers. Click here to download your copy. If you require any further guidance please contact us.
Chancellor extends furlough scheme to end of June
The Coronavirus Job Retention Scheme has been extended by one month to reflect continuing social distancing measures. The Scheme is now set to cover furloughed workers from 01/03/2020 to 30/06/2020.
The Government have extended the furlough scheme to include new starters
The Coronavirus Job Retention Scheme has been extended to now include employees who started a new job at the beginning on March 2020. The scheme has been extended to 19 March 2020 from the original date of 28 February 2020 meaning any employee who started a new job up to 19 March 2020 can now […]
HMRC have published details of the grant scheme if you’re self-employed or a member of a partnership in the UK and have lost income due to coronavirus (COVID-19)
The online service you’ll use to claim is not available yet. HMRC will aim to contact individuals by mid May 2020, and will make payments by early June 2020. This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 a month. It will […]
What information do you need to make a claim?
HMRC have now provided a list of information required to make a claim when the new system becomes live on 20 April 2020. It has been confirmed you’ll need to provide the following to make a claim: If you use a registered agent who is authorised to act for you for PAYE purposes, they will […]
If you are due a refund of CIS or income tax we can help complete your 2019/20 self assessment tax return now!
Are you due a tax refund? Do you work in construction subject to CIS deductions? Don’t delay, contact us today to see if you are due a tax refund. Our expert tax advisers will guide you through the tax reclaim process and assist you in getting your refund processed quickly and efficiently. Contact us today!
Full guidance including updates to the coronavirus job retention scheme from H M Revenue & Customs
Full guidance including updates to the coronavirus job retention scheme from H M Revenue & Customs