UK economy shrinks less than first feared after second national lockdown, economists reveal
The UK economy shrunk less than first feared during the second national lockdown, a major report has revealed.Continue reading
Self Assessment: thousands spread tax liabilities in response to coronavirus disruption
Thousands of self-employed workers have taken advantage of the Government’s extended Time to Pay scheme ahead of the 31 January Self Assessment deadline, a new report has revealed.Continue reading
Self-Assessment: HMRC set to waive fines for late returns due to COVID-19
HM Revenue & Customs (HMRC) is set to waive fines for taxpayers who file their tax returns late, providing that they can prove that the delay was because of COVID-19.Continue reading
CJRS: Main changes to the extended scheme
Towards the end of 2020, the Chancellor announced the furlough scheme’s extension until 30 April 2021, which will continue to contribute 80 per cent towards employees’ wages. Continue reading
More than 4,000 businesses join Kickstart programme
More than 4,000 small businesses have used the Government’s Kickstart programme to take on new workers, it has been revealed.Continue reading
HMRC warns of tax scams ahead of Self Assessment deadline
HM Revenue & Customs (HMRC) has warned businesses to watch out for tax scams ahead of the 31 January Self Assessment Deadline.Continue reading
Self-Assessment: Taxpayers encouraged to file tax returns now to spread tax bill across the year
Taxpayers are being encouraged to file self-assessment tax returns now to ensure that they can spread their tax bill across 2021 through the ‘Time to Pay’ payment plan service.Continue reading
Employers: call for furlough scheme to be introduced to working parents while schools are closed
The Trades Union Congress (TUC) states that working parents with children, who struggle to balance their work-life and childcare, should be put on the furlough scheme whilst the schools are closed.Continue reading
Business rates: UK businesses could save almost £500 million after interim rebate ruling
Businesses in the UK could save a combined total of £481 million in business rates after an interim ruling on rebates.Continue reading
COVID-19: enhanced payment plans for Self-Assessment individuals
To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers – increasing the threshold from £10,000 to £30,000.Continue reading
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