Extended payment deadlines for income tax

by | Sep 30, 2020

Taxpayers with payments on account due 31 July 2020 have already been allowed to delay payment until January. The Chancellor has announced that there will now be a concession for payments due in January 2021, allowing later payment. HMRC anyway runs a helpline to...

Further grants under Self Employed Income Support Scheme

by | Sep 30, 2020

NOTE: DEVELOPMENTS SINCE THIS WAS WRITTEN CAN BE SEEN IN MY NOVEMBER 2020 POSTS The SEISS is being extended to two further payments. The most recent (second) payment can be claimed until 19 October. Following that, two further payments will be available to taxpayers...

Second Self-Employed Income Scheme

by | Aug 17, 2020

This opens today and runs until 19 October. Details of who is eligible to claim are similar to before, but this time taxpayers are asked to consider whether their business has been adversely affected by coronavirus on or after 14 July 2020 (up to the date of...

Self-Employed Income Support 2 coming August

by | May 29, 2020

The Chancellor has announced a second and final taxable grant for some self-employed individuals. This will be lower than the first by about 12.5%, and the maximum will be £6,570. I assume that the qualifying conditions will be the same as before. This would mean that...

SEISS payments

by | May 21, 2020

For self-employed taxpayers who qualify and who have applied, payments are coming through. There are a few issues still to resolve: in particular a very small number of clients incorrectly shown as ineligible. These are gradually being corrected, but although these...