New claims required for home working tax relief
New claims required for home working tax relief Employees who are working from home will need to make new claims for tax relief for the 2021/22 tax year, HMRC has…
Blog Posts
HMRC sets out penalty regime for SEISS abuse
HMRC sets out penalty regime for SEISS abuse The fourth Self-Employed Income Support Scheme (SEISS) grant is now live and HMRC has set out the penalties for abuse of the…
Pension fraud increased to £1.8 million in first quarter of 2021
Pension fraud increased to £1.8 million in first quarter of 2021 Losses from pension fraud rose to £1.8 million in the first three months of this year, according to figures…
Recovery Loan Scheme opens to businesses
Recovery Loan Scheme opens to businesses On 6 April, the Recovery Loan Scheme (RLS) was introduced to replace the government’s coronavirus lending schemes. The RLS provides financial support to businesses…
Fourth self-employed grant now open for online applications
Fourth self-employed grant now open for online applications On 21 April, the online service for applications for the fourth Self-employment Income Support Scheme (SEISS) grant was opened for claims, HMRC…
HMRC publishes details of final grants for self-employed
HMRC has published details of the eligibility criteria of the final two grants available under the coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS). At the 2021 Budget it was confirmed…
£20 million SME Brexit Support Fund opens for applications
The UK government has unveiled a £20 million Brexit support package to help small and medium-sized enterprises (SMEs) with changes to customs and tax rules when trading with the EU….
Business rates relief extended with £1.5 billion fund
The government is to extend business rates relief with a £1.5 billion fund targeted at those businesses unable to benefit from the current COVID-19 support. Retail, hospitality and leisure businesses…
Borrowers of Bounce Back loans given six more months for repayments
Businesses that took out government-backed Bounce Back loans to get through the coronavirus (COVID-19) pandemic will now have greater flexibility to repay their loans, the government has announced. The Pay…
HMRC urged to rethink quarterly reports under MTD for corporation tax
The Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to rethink the requirement for companies to report quarterly under Making Tax Digital for corporation tax (MTD…
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