Arts Council ACE grants announced as taxable

by | Mar 22, 2022

Very close to this 31 January’s deadline for 2021 income tax returns, HMRC suddenly – and rather casually – indicated that ACE Emergency Fund payments were now to be treated as taxable. ACE grants were specifically confirmed in Parliament back in...

Tax payment links January 2022

by | Jan 7, 2022

Self Assessment income tax and national insurance can be paid here. Have your 10-digit tax reference (UTR) ready and a note of the amount of tax you are paying. You do not have to log into your HMRC Gateway ‘tax account’ unless you wish to. Select Self...

January concessions

by | Jan 6, 2022

HMRC has announced that where 2021 tax returns are filed before the end of February 2021, no £100 late filing penalty will be charged. Late-paid tax is still subject to interest – the current rate is 2.75% per annum. However no extra late payment penalties will be...

Autumn 2021 Budget

by | Oct 27, 2021

With more leaks than a rusty colander, there was little ‘news’ about tax specifics in today’s Budget speech. Anyone expecting significant tax rises to be rolled out may have been surprised that there was no ‘windfall’ wealth tax, nor...

Self employed grant 5

by | Aug 4, 2021

SEISS 5 is now open to claims until 30 September. Claimants must have a continuing self employment (or intending to continue as soon as possible), must have traded during the years to 5 April 2020 and 2021, and must have submitted their 5 April 2020 tax return by 2...