Firms still owe HMRC billions after VAT holiday

Firms still owe HMRC billions after VAT holiday

More than one in four businesses that were allowed to defer tax payments during the spring lockdown last year still owe the Treasury billions. A total of 156,500 out of 590,000 businesses that took advantage of Rishi Sunak’s VAT deferral between March and June have...
Ready for a SEISS Challenge: Information about Penalties and Claims

Ready for a SEISS Challenge: Information about Penalties and Claims

As coronavirus support undergoes HMRC scrutiny, we summarise the checks and possible sanctions the self-employed need to look out for when applying for the latest self-employed income support scheme grant (SEISS). The Treasury has provided HMRC with substantial...
Spring Budget 2021 – Budget Brochure

Spring Budget 2021 – Budget Brochure

It’s hard to believe Rishi Sunak has only been in office for a little over a year given what the Chancellor has had on his plate over the last 12 months. At lunchtime on 3rd March 2021 he delivered his second budget announcement, the first following the Coronavirus...
Furlough extended until March 2021

Furlough extended until March 2021

The Coronavirus Job Retention Scheme (CJRS) is being extended until 31st March 2021. This is what we know so far before the full guidance is published on 10th November: The scheme rules are predominantly the same with a few revisions. Employees will receive 80% of...
Self Employed Income Support Scheme Round Two Opens 17th August

Self Employed Income Support Scheme Round Two Opens 17th August

The Self Employed Income Support Scheme (SEISS) has been extended to a second round. The first round is now closed to applicants and round two will open on Monday 17th August. If you were eligible for the first grant and can confirm to HMRC that your business has been...