Self employed grant 4

by | Apr 12, 2021

The next SEISS taxable grant, the fourth offered, may be claimed later in April. Eligibility based on tax-return figures can be checked here https://www.gov.uk/guidance/return-to-your-claim-for-the-self-employment-income-support-scheme  I am suggesting that clients...

The Fiscal Drag King Has Spoken

by | Mar 3, 2021

Budget speech 2021. There was always going to be an announcement of further financial help for some taxpayers. And there was clearly going to have to be some extra tax found from somewhere. Detail will follow, but my first observations are these. The following...

No surcharge on overdue tax until end of March

by | Mar 2, 2021

There is usually a 5% surcharge added to any Self Assessment tax outstanding at the end of February. For 2021, this has been delayed and will only be levied at the end of March. Another small but useful concession at a time when cashflow is a significant problem for...

No £100 late filing penalty for February returns

by | Jan 25, 2021

HMRC have just announced that where 2020 tax returns are filed before the end of February 2021, no £100 late filing penalty will be charged. There has been significant pressure for HMRC to offer some concession. Given the number of appeals they would be likely to...

Requesting extra time to pay tax

by | Jan 18, 2021

This year especially, a large number of taxpayers are finding they need to ask for a ‘time to pay’ arrangement, spreading their Self Assessment tax in instalments. HMRC has opened an online request form for taxpayers to arrange a spread of...