UHY Ross Brooke Chartered Accountants
HM Revenue and Customs (HMRC) is reminding Self-Assessment tax payers to declare any COVID-19 grant payments on their 2020 to 2021 tax return. These grants are taxable, and you should declare them on your 2020 to 2021 tax return before the deadline on 31 January 2022. The Self Employed Income
The HMRC guidance has been recently updated to reflect the fact that employees can no longer be furloughed using the Coronavirus Job Retention Scheme. The scheme ended on 30 September 2021. If any of your employees are working from home due to coronavirus (COVID-19), either because your workplace has closed,
The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to normal by October. The grant claims for employees furloughed in the month of September are 60% of the employee’s usual pay up
By Maddy Weeks With government support for the pandemic coming to an end, here is a reminder of support still available for businesses (July 2021). A 5th and final Self-employment income support scheme grant (SEISS). A fifth and final grant will cover May to September, claims can be made from
As lockdown easing continues and the re-opening of many more businesses permitted in the Step 3 of Boris’ roadmap, now is a good time to reflect on furlough and the SEISS grant eligibility Furlough claims and SEISS grants have been made with an expectation of a decline in sales and
The Job Retention Scheme was due to expire at the end of October and the Chancellor has previously said that it would not be renewed. However in his Autumn Announcement the Chancellor announced a replacement if the form of the New Job Support Scheme, the purpose of which, he said,
The government has done a good job supporting many businesses throughout the Covid-19 crisis, but we now need greater clarity on measures put in place to help SMEs survive the deluge of debt so many will face in early 2021. One of the biggest issues facing us in 2021 is