Nearly three million self-employed individuals or partners in partnerships claimed one or more of the five self-employment income support scheme (SEISS) grants during the coronavirus pandemic. We are aware there’s a great deal of confusion about these grants, including in the media, so this article ...
HMRC will be pausing most of their webchat services for three months from early January 2022 to review the service it is providing.
The deadline for sending most online 2020/21 Self Assessment tax returns to HMRC, and for paying the related tax, is 31 January 2022. This year, HMRC will not charge you penalties straight away if you are a bit late. But you should still try to sort out your tax by 31 January if you can.
The Low Incomes Tax Reform Group (LITRG) welcomes today’s (Thursday) announcement from HMRC that they will not charge late-filing penalties for 2020/21 self-assessment tax returns filed online on or before 28 February 2022. HMRC have also announced that no late payment penalties will be charged for ...
Most CIS workers receive a tax refund (rebate) after they submit their Self Assessment tax return because they usually overpay towards their tax bill through CIS deductions at source. The 2020/21 tax year may be different because of the inclusion of the Self-Employment Income Support Scheme (SEISS) ...
The CJRS (furlough scheme) came to an end on 30 September. Whilst late claims or amendments can be made in exceptional circumstances, this is not the only thing to consider. For example, all employers, at the very least, will need to keep records supporting the grants they have claimed, in case ...