HMRC has confirmed that the fifth Self-employment Income Support Scheme (SEISS) grant covering the period May 2021 to September 2021 will open to claims from late July. To be eligible for the grant, an individual must be self-employed or a member of a partnership....
New tax obligations from April 2023 From 6 April 2023, significant changes will be made to the Self-Assessment reporting system for landlords with gross rental income above £10,000 per tax year. Bringing landlords within the scope of MTD is part of HMRC’s plan to...
The Chancellor has announced further support for the Self-Employed, by making a fourth and fifth grant available under the Self-Employment Income Support Scheme (SEISS). The fourth grant, covering the period February to April 2021 will be worth 80% of average profits...
HMRC has announced further help for Self-Assessment taxpayers, by extending the late payment penalty deadline until 1 April 2021. Under normal circumstances, a 5% penalty would be incurred on any tax payments which were due by 31 January 2021 and are still...
HMRC has confirmed that the deadline for those filing their 2019-20 Self-Assessment tax returns online has been extended from 31 January 2021 to 28 February 2021. Taxpayers will not receive an automatic £100 late filing penalty if they file their 2019-20 return...
The deadline for submitting your 2019/20 self-assessment return is 31 January 2021. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 National Insurance Contributions...
