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Final SEISS deadline – Submit your claim by 30th September!

If you are applying for the fifth and final grant of the Self-Employment Income Support Scheme (SEISS), you must ensure that your application and any necessary documents are with HM Revenue & Customs (HMRC) by 30th September.   You can make your claim...Read More

The fifth round of the Self-Employment Income Support Scheme (SEISS) is now open

HM Revenue & Customs (HMRC) has announced that the portal for the fifth round of the Self-Employment Income Support Scheme (SEISS) is now open.In recent weeks, the tax authority has been directly contacting taxpayers that it believes are eligible for the fifth...Read More

Government updates self-isolation rules with limited exemptions for 16 sectors

While most Covid restrictions in England ended on Monday 19 July, the requirements for people testing positive and their close contacts to self-isolate will continue to apply until 16 August, when they will change for under-18s and double-vaccinated adults.However, with more than...Read More

Update 14 July 2021 Guidance for the fifth round of the Self-Employment Income Support Scheme (SEISS) published

HM Revenue & Customs (HMRC) has published detailed guidance for the fifth round of the Self-Employment Income Support Scheme (SEISS), which will open for claims in the coming weeks.Instead of announcing a specific date on which the new round of the scheme...Read More

Update 21 May 2021 COVID-19 Business Bulletin

With much of the UK now beginning to experience the first tentative signs of economic recovery, we wanted to bring you an update on some of the key issues that lie ahead.Businesses still face many challenges, not least upcoming deadlines and changes...Read More

VAT Deferral New Payment Scheme goes live

HM Revenue & Customs (HMRC) has announced that its online VAT Deferral New Payment Scheme is now open for applications to help businesses arrange smaller monthly repayments of deferred VAT. Under the New Payment Scheme, you can repay VAT deferred between 20 March...Read More

Update 22 February 2021 Self-Assessment late payment penalties relaxed but interest still accrues

Following HM Revenue & Customs’ (HMRC) announcement that it is waiving late filing penalties for Self-Assessment taxpayers who file by 28 February, it has now announced that it is waiving the five per cent late payment penalty that usually applies from 3...Read More

Update 12 February 2021 The VAT Deferral New Payment Scheme

Any business that deferred VAT payments due between 20 March and 30 June 2020 as a result of the Coronavirus pandemic, must now consider how they will repay this outstanding tax...Read More

Update 9 February 2021 COVID-19 Bounce Back Loan repayment period extended

The Government has announced changes to the Bounce Back Loan Scheme (BBLS) available to small businesses in the UK that will give companies longer to repay what they have borrowed. Around 1.4 million small and medium-sized businesses have taken out a loan since...Read More

Chancellor announces grants worth up to £9,000 for businesses in the retail, hospitality and leisure sectors

The Chancellor, Rishi Sunak, has announced a package of one-off grants worth between £4,000 and £9,000 for businesses in the retail, hospitality and leisure sectors, following the announcement of a nationwide lockdown in England lasting until at least mid-February.The new scheme will...Read More

Update 25 November Spending Review highlights long-term economic impact of Coronavirus pandemic

The Chancellor’s statement to Parliament setting out his Spending Review decisions came against a backdrop of predictions from the Office for Budget Responsibility (OBR), which indicated that the UK economy will shrink by 11.3 per cent this year – the largest fall in output for 300 years...Read More

Update 5 November Chancellor takes further steps to protect jobs, businesses and the self-employed

In an unexpected twist, the Chancellor Rishi Sunak has once again extended financial support to businesses and self-employed workers to help them through the difficult winter period and the new restrictions that are in place.Speaking in Parliament, the Chancellor Rishi Sunak announced...Read More

Update 2 November Government extends Self-Employment Income Support Scheme and Government-backed loans

As England prepares for a four-week national lockdown, the Government has announced it will extend existing support measures to help businesses and the self-employed business community in the weeks ahead.As part of its latest support package, the Self-Employment Income Support Scheme (SEISS)...Read More

Update 2 November National Lockdown – Extension to the Coronavirus Job Retention Scheme and Business Support Update

The Government has extended the Coronavirus Job Retention Scheme (CJRS) following the announcement of new Coronavirus restrictions in England from Thursday 5 November 2020 to Wednesday 2 December 2020, which will require many businesses to close.It has also confirmed that those businesses...Read More

Update 23 October Additional Government Support Packages

The Government has announced further changes to their financial support measures aimed at helping a wider range of businesses affected by the pandemic and resulting regional restrictions...Read More

Final SEISS deadline – Submit your claim by 30th September!

If you are applying for the fifth and final grant of the Self-Employment Income Support Scheme (SEISS), you must ensure that your application and any necessary documents are with HM Revenue & Customs (HMRC) by 30th September.   You can make your claim here   (link to...

Read More

The fifth round of the Self-Employment Income Support Scheme (SEISS) is now open

HM Revenue & Customs (HMRC) has announced that the portal for the fifth round of the Self-Employment Income Support Scheme (SEISS) is now open.In recent weeks, the tax authority has been directly contacting taxpayers that it believes are eligible for the fifth round of the...

Read More

Government updates self-isolation rules with limited exemptions for 16 sectors

While most Covid restrictions in England ended on Monday 19 July, the requirements for people testing positive and their close contacts to self-isolate will continue to apply until 16 August, when they will change for under-18s and double-vaccinated adults.However, with more than 600,000 people required...

Read More

Update 14 July 2021 Guidance for the fifth round of the Self-Employment Income Support Scheme (SEISS) published

HM Revenue & Customs (HMRC) has published detailed guidance for the fifth round of the Self-Employment Income Support Scheme (SEISS), which will open for claims in the coming weeks.Instead of announcing a specific date on which the new round of the scheme will go live,...

Read More

Update 21 May 2021 COVID-19 Business Bulletin

With much of the UK now beginning to experience the first tentative signs of economic recovery, we wanted to bring you an update on some of the key issues that lie ahead.Businesses still face many challenges, not least upcoming deadlines and changes to the existing...

Read More

VAT Deferral New Payment Scheme goes live

HM Revenue & Customs (HMRC) has announced that its online VAT Deferral New Payment Scheme is now open for applications to help businesses arrange smaller monthly repayments of deferred VAT. Under the New Payment Scheme, you can repay VAT deferred between 20 March and 30 June...

Read More

Update 22 February 2021 Self-Assessment late payment penalties relaxed but interest still accrues

Following HM Revenue & Customs’ (HMRC) announcement that it is waiving late filing penalties for Self-Assessment taxpayers who file by 28 February, it has now announced that it is waiving the five per cent late payment penalty that usually applies from 3 March for taxpayers...

Read More

Update 12 February 2021 The VAT Deferral New Payment Scheme

Any business that deferred VAT payments due between 20 March and 30 June 2020 as a result of the Coronavirus pandemic, must now consider how they will repay this outstanding tax.They can choose from the following options in order to do this:Pay the deferred VAT...

Read More

Update 9 February 2021 COVID-19 Bounce Back Loan repayment period extended

The Government has announced changes to the Bounce Back Loan Scheme (BBLS) available to small businesses in the UK that will give companies longer to repay what they have borrowed. Around 1.4 million small and medium-sized businesses have taken out a loan since they were introduced...

Read More

Chancellor announces grants worth up to £9,000 for businesses in the retail, hospitality and leisure sectors

The Chancellor, Rishi Sunak, has announced a package of one-off grants worth between £4,000 and £9,000 for businesses in the retail, hospitality and leisure sectors, following the announcement of a nationwide lockdown in England lasting until at least mid-February.The new scheme will be accessed through...

Read More

Update 25 November Spending Review highlights long-term economic impact of Coronavirus pandemic

To help keep you up to date with developments from the Government’s Spending Review and key updates for you and your business relating to Coronavirus and the economy, we have produced a further round up.   If you have any queries relating to the points covered...

Read More

Update 5 November Chancellor takes further steps to protect jobs, businesses and the self-employed

In an unexpected twist, the Chancellor Rishi Sunak has once again extended financial support to businesses and self-employed workers to help them through the difficult winter period and the new restrictions that are in place.Speaking in Parliament, the Chancellor Rishi Sunak announced that the Coronavirus...

Read More

Update 2 November Government extends Self-Employment Income Support Scheme and Government-backed loans

As England prepares for a four-week national lockdown, the Government has announced it will extend existing support measures to help businesses and the self-employed business community in the weeks ahead.As part of its latest support package, the Self-Employment Income Support Scheme (SEISS) and the various...

Read More

Update 2 November National Lockdown – Extension to the Coronavirus Job Retention Scheme and Business Support Update

The Government has extended the Coronavirus Job Retention Scheme (CJRS) following the announcement of new Coronavirus restrictions in England from Thursday 5 November 2020 to Wednesday 2 December 2020, which will require many businesses to close.It has also confirmed that those businesses that are required...

Read More

Update 23 October Additional Government Support Packages

Further COVID-19 financial support announcedThe Government has announced further changes to their financial support measures aimed at helping a wider range of businesses affected by the pandemic and resulting regional restrictions. In a special address to Parliament, the Chancellor Rishi Sunak outlined three new steps that...

Read More