New self-employed during 2019/2020?

Did you commence self-employment during 2019/2020? Do you need to claim the extended self-employment income support scheme (SEISS), which ends on 30 September 2021, because your business has been affected by COVID? If so you will be required to complete a new...

Benefits affected by late payment of Class 2 NIC

So…. January and February have come and gone, as has the deadlines for filing 2019/2020 tax returns. As you will be aware HMRC had extended the deadline for the filing of tax returns for the year ended 5 April 2020 to 28 February 2021 but now that this date has...

Budget 2021

Budget 2021……whilst the tax hikes were not as many as forecast the actual tax take from the changes are significant, being the highest level since the late 1960’s. Also, as the Chancellor hinted, there may be more to come over the next few years to enable the books to...

Residential property “nudge” letters

Further to my colleagues blog of 13 October 2020 advising that Airbnb are sharing details of people that have been letting out their property, it has also been reported that HMRC will be sending out over 14,000 “nudge” letters in the coming months to people who they...

Further tax deferral for taxpayers

Further announcements have been made by Rishi Sunak to assist people in paying their tax liabilities as COVID appears to be taking hold once again. Previously it was possible for people to defer paying the second payments on account that were due on 31 July 2020 to 31...