Covid support measures ending 30 September
Here is a quick recap of the Covid support measures ending on 30 September 2021
Penalties for late submissions to HMRC
A recap of HMRC’s proposals to reform the penalties for late submissions to a points based system.
Making Tax Digital for Income Tax
How will making Tax Digital for Income Tax – MTD ITSA – affect your business? An explanation of HMRC’s current proposals.
Reporting tax on self-employed profits
Consultation document proposes moving from a current (accounting) year basis to a tax year basis for reporting tax on self-employed profits.
Details of fifth SEISS grant
HMRC has published guidance on how to work out turnover if you are eligible for the fifth SEISS grant. If you are eligible HMRC will contact you in mid July, with online claims service available from late July. Claims must be made by 30 September.