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Filter bySort byClock is ticking to repay coronavirus grantsPosted on: 4th August 2020Self-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 UpdatePosted on: 9th July 2020On 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 SchemePosted on: 30th May 2020On 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 2Posted on: 30th May 2020On 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)Posted on: 4th May 2020The 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.…
