If you are self-employed and qualify for the Self-employment Income Support Scheme you will receive a cash grant from HMRC based on 80% of profits, up to £2,500 per month. The initial grant will be for the three months, from 1 March through to
A free HMRC tax app is available and offers some useful functionality. The app has recently been updated.
The APP can be used to see:
your tax code and National Insurance number
an estimate of the tax you need to pay
your income and
The government has announced that more than 1,000 fishing and aquaculture businesses in England will receive direct cash grants through a new fisheries support scheme.
The scheme will make available grants of up to £9 million for eligible
If you had a student loan and have finished your studies and entered the workforce you must begin to make loan repayments from the April after you have finished your studies or when your income begins to exceed the annual threshold. The annual
The R40 form Claim for repayment of tax deducted from savings and investments is available on the GOV.UK website. Individuals who have paid too much tax on interest can use the R40 form to claim back any overpaid tax. The form and associated guidance
The Driver and Vehicle Licensing Agency (DVLA) has confirmed that MOT expiry dates will be extended by 6 months for all MOTs due on or after 30 March 2020. This includes vehicles that are due their first MOT test and applies to cars, motorcycles,
The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to regularise their affairs by disclosing any outstanding liabilities whether due to misunderstanding
New workplace rights to paid leave for bereaved parents came into effect on 6 April 2020. The new law has been welcomed by charities helping bereaved parents to cope with losing a child.
The new allowance gives employed parents the right to claim
An interesting quirk of the Coronavirus Job Retention Scheme is that furloughed workers are not entitled to the minimum wage. HMRC's guidance categorically states that 'individuals are only entitled to the National Living Wage (NLW)/National
Following the recent cut in the Bank of England base rate from 0.25% to 0.1%, HMRC has announced changes to the rates of interest they charge.
The new late payment interest rate, applied to the main taxes and duties, took effect from 30 March
Company directors, company secretaries, people with significant control (PSC) and LLP members can apply to remove their personal addresses from the UK’s official company register at Companies House.
Prior to the introduction of this law (in
The long-awaited statement from the Chancellor, Rishi Sunak regarding COVID-19 support for the self-employed has been announced. The Chancellor said that the scheme will benefit some 95% of people whose main income source is derived from
