SEISS is underway

by | May 13, 2020

Self-employed taxpayers who qualify have been given times from which they can claim their taxable grant. The earliest was 8am today and I was delighted when my first claiming client got in touch to let me know that this worked and was straightforward. Anyone self...

Checking for eligibility – Self-Employed Income Support

by | May 4, 2020

HMRC are now offering an online checker tool for taxpayers wanting to check whether they qualify for the taxable grant: https://www.tax.service.gov.uk/self-employment-support/enter-unique-taxpayer-reference To use this you need to input your 10-digit tax reference...

Capital Gains Tax – deadline changes

by | May 4, 2020

Capital gains tax may be payable on the sale of an asset like a house (usually a second property rather than your main home), shares in companies, valuables like artworks, and sometimes on musical instruments. From this tax year (April 2020), the deadline for...

VAT: Delay to next phase of Making Tax Digital

by | Apr 1, 2020

(There is no move to bring forward any changes to income tax returns for now and this seems unlikely to go ahead before 2022 at the earliest) Since April 2019, VAT returns have had to be submitted using special software – either linking to a bookkeeping...

Financial provision for some self employed

by | Mar 26, 2020

The assistance on offer as outlined today by the Chancellor – a ‘taxable grant’ – applies only to self-employed taxpayers who are trading or intending to continue when circumstances permit, and who Have submitted their tax return for the year...