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
The government has announced that anyone who made a claim for the Bounce Back Loan Scheme (BBLS) can delay repayments by an extra six months. The scheme was introduced shortly after the UK went into its first lockdown last year in a bid to help small and medium-sized... read more
The deadline for claiming the third instalment of the Self-Employment Income Support Scheme (SEISS) is rapidly approaching. If you’re self-employed and have been negatively affected by coronavirus, you have until 29 January 2021 to make your claim. You can find out if... read more
It will come as a relief to many that HMRC has extended the deadline for the submission of 2019/20 Self-Assessment Tax Returns. The traditional 31 January deadline has been extended to 28 February and customers will not receive a penalty providing they file their... read more
Following Boris Johnson’s announcement that the UK is to enter its third national lockdown, some of the worst affected industries are to receive a cash injection from the government. As well as a £4.6bn boost for the retail, hospitality and leisure sectors, a further... read more
2020 certainly has been eventful and many will be looking forward to what will hopefully be a more promising New Year. We hope you’ve enjoyed all our updates and that they’ve helped your business stay on top of all the latest news. To see you into the festive season,... read more
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