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Overclaimed SEISS grants are now being contacted by HMRC. Following an amendment to self-assessment tax returns made after 2nd March 2021, taxpayers are now being contacted by HMRC where it has been identified they need to repay all or part…
Further to our news regarding the New Additional Restrictions Grant, Torridge District Council have received additional Government funding. This means they are now able to award a one-off Discretionary Grant to businesses that were ineligible for the Restart Grant. This…
New guidance for SEISS Grant 5 has been released by HMRC to bring further clarification as the applications window reaches its midpoint. The amount of support available for the fifth grant under the self-employment income support scheme (SEISS) depends on how…
Many business owners are now asking the question of how to include the SEISS grant on their tax return. By now many business owners have realised that the Self Employed Income Support Scheme payments (SEISS) are fully taxable and need…
HMRC have a new turnover test for SEISS 5. They have now published their full guidance on the eligibility criteria to receive the 5th instalment of the Self Employed Income Support Scheme (SEISS). Most of the eligibility remains unchanged from…
Grant 4 SEISS details We now have the full details of Grant 4 SEISS that will be open at the end of April and the eligibility criteria continue to be more restrictive than the first grants. You will be contacted…
The Government's Recovery Loan Scheme (RSL) launched on Tuesday, 6th April and is aimed at any businesses who have suffered during the Coronavirus pandemic. RSL provides financial support of up to £10 million per business and the funds can be…
Funding for closed businesses in lockdown 3 New funding for businesses affected by this third lockdown is now available via local council authorities. You should check whether you are eligible as each business needs to make an application. Local Restrictions…
In the Spring many people with tax liabilities took the option to defer their second payment on account. This meant that for the 2019-2020 tax year payments due on 31 July 2020 were deferred to 31 January 2021. People had…
The Prime Minister has announced support for pubs that predominantly serve alcohol, rather than food, through the festive period. This support includes: A one-off £1,000 grant for ‘wet-led pubs’ across tiers 2 and 3 in lieu of Christmas trade additional…