Claims for the third SEISS grant must be submitted by 29 January 2021.  The timing of the deadline for claims for the third Self Employment Income Support Scheme (SEISS) grant is perhaps unfortunate, clashing as it does with the self assessment filing deadline.  Some additional considerations were introduced for the third grant, please take a moment to consider them:   The ...

As the deadline looms for VAT deferred between 20 March and 30 June 2020 to be paid, we detail below the options that you currently have to settle the liability. Essentially, you can pay now or get ready to opt in to the VAT deferral new payment scheme   What Are My Options? If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you can: ...

Quite aside from how your Family Christmas plans have been affected by COVID-19 , the Chancellor has been busy trying to put stepping stones in place to support business contend with tough conditions for what seems likely to continue for some months to come   Coronavirus Job Retention Extended Again In a surprise move, the Chancellor has announced that the Coronavirus Job Retention ...

As the year draws to a close, the Government has recently announced that it will extend some temporary provisions in the Corporate Insolvency and Governance Act, as well as reinstate one that had already lapsed. Extension of Temporary Suspension of Statutory Demands and Winding-Up Petitions The Government announced on 9 December that it will extend the temporary suspension of statu...

– Third SEISS Grant introduces “significantly reduced profits” test…. The eligibility criteria for the third SEISS grant have been further tightened, as the guidance for the third Self-employment Income Support Scheme (SEISS) grant has been published, less than one week before the portal opens for claims from 30 November 2020. On the eve of clients preparing to make a claim, we loo...

Now that the Government has provided fuller particulars of the new  Job Retention Scheme Extended there are a few points that we would like to draw to your attention.   Who Is Eligible? The CJRS as re-engineered from 1 November allows businesses to furlough and claim grants for an additional group of employees. Claims for periods starting on/after 1 November 2020 can in...

HMRC have now updated their guidance upon how traders should go about settling VAT that was deferred in the period between 20‌‌‌‌‌‌ March and 30‌‌‌ June 2020. The Government has set out more particulars as to the options and how you can prepare to utilise the new VAT Deferral Payment Scheme.   So What Are My Options? If you deferred the payment of VAT owed to HMRC ...