On 23 September 2020, the Chancellor announced that self-employed individuals and members of partnerships who are eligible for the SEISS, and who are actively continuing to trade but are experiencing reduced demand due to Covid-19, will be eligible for a further SEISS grant to provide support over the winter months.
As we rapidly head towards an exit from lockdown and a phasing out of the Job Retention Scheme (Furlough) my phone has started to ring as clients and contacts anticipate cash flow issues and have concerns about their responsibilities as business owners or directors.
Currently, if you make a tax payment to HMRC you are only charged a fee if paying using a business credit card. Payments by personal credit cards are not permitted.
With the health and economic impact of coronavirus, it’s a challenging time for many. Above all, it’s important to keep yourself safe.
The Eat Out to Help Out scheme starts from 3rd August with a view to revive the struggling leisure and hospitality industry amid covid-19.
HMRC regularly warn taxpayers to be alert to fraudsters purporting to be from HMRC. It was recently published that in the last year they deactivated more than 20,000 fake HMRC websites, an increase of 29% on the previous year.
Read this blog post to find out more information on when cash basis applies.
Read this blog post to find out more information on the self-employed income support scheme (SEISS).
