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...

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...