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Clock is ticking to repay coronavirus grants
Self-employed individuals, and employers, have 90 days to inform HMRC if they have over-claimed the Self Employed Income Support Scheme (SEISS) or Coronavirus Job Retention Scheme (CJRS) grants and repay any excess before penalties apply.…
Summer Economic Update
On 8 July 2020, the Chancellor Rishi Sunak made a speech entitled “Summer Economic Update” where he unveiled further Government supports and he unveiled the Government’s plan for jobs which he described as the “Second…
Extended Self-Employment Income Support Scheme
On 29 May 2020, the Chancellor announced plans to extend the Self-Employment Income Support Scheme (SEISS) for those people whose trade continues to be, or is newly, adversely affected by COVID-19 (coronavirus). Eligible self-employed people…
Coronavirus Job Retention Scheme Mark 2
On 29 May 2020, the Chancellor announced three future changes to the current Job Retention Scheme: The scheme will close to new entrants from 30‌‌ June. So, employers will only be able to claim going…
Prepare to claim under the Self-Employed Income Support Scheme (SEISS)
The Self-Employment Income Support Scheme will allow taxpayers to claim a taxable grant of 80% of their average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether.…
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