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Clients may have received an email from HMRC providing them with their window of when they can apply for the fifth, and final, Self Employment Income Support Scheme Grant. To apply for the fifth Grant, HMRC has stated that businesses will have to prove their sales have reduced in order to qualify.
Read post ...The Government’s Making Tax Digital revolution continues. Find out more about how MTD will affect Income Tax.
Read post ...The Government has announced that the Insolvency Service will be granted greater powers to investigate directors who have dissolved their companies in order to fraudulently avoid paying back Government backed loans, such as the Bounce Back Loans (BBLs).
Read post ...From April 6, 2020, all UK resident individuals, trustees and personal representatives who gift or sell UK residential property have had to calculate, report and pay an estimate of the capital gains tax liability within 30 days of the date of completion.
Read post ...The fifth grant under the Self Employment Income Support Scheme will open towards the end of July 2021. This grant will cover the period May 2021 to September 2021.
Read post ...From 1st July 2021 the level of grant paid through the Coronavirus Job Retention Scheme will reduce. Instead employers will need to contribute towards the cost of their furloughed employees’ wages.
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