COVID-19 Update #144: Penalties for overclaimed coronavirus support grants
If you’ve received payment or overpayment for a coronavirus support grant you weren’t entitled to, it’s important to alert HMRC as soon as possible. If you do so within the notification period, it’s unlikely you will be fined but penalties will be issued to those who... read more COVID-19 Update #143: Guidance issued for final SEISS grants
Earlier this year, it was announced that self-employed workers will be able to claim two more grants under the Self-Employment Income Support Scheme (SEISS). This will cover the period from 1 February 2021 until the end of September 2021. The fourth taxable grant... read more COVID-19 Update #139: Self-Employment Income Support Scheme (SEISS) – fourth grant
In the Spring Budget 2021, Rishi Sunak outlined further support for self-employed workers. In addition to the upcoming fourth grant, there will also be a fifth Self-Employment Income Support Scheme (SEISS) grant covering the five months to 30 September 2021. What’s... read more COVID-19 Update #138: Self-Assessment payment deadline extended
HMRC has announced that Self-Assessment customers won’t be charged the initial 5% late payment penalty providing they pay their tax or make a Time to Pay arrangement by 1 April 2021. The submission and payment deadline for Self-Assessments is 31 January, with interest... read more