Government Support Update – January 2022
Statutory Sick Pay Rebate scheme (SSPRS) The Government is reintroducing the Statutory Sick Pay Rebate Scheme (SSPRS). This will be a temporary scheme to support employers facing heightened levels of sickness absence due to COVID-19. The SSPRS will refund small and medium-sized employers’ COVID-related SSP costs for up to two … Continued
HMRC waives late filing penalty but late payment interest will still stand for self-assessment
HMRC has recognised that Self-Assessment taxpayers may need more time to file and pay their 2020-21 tax return due to the continuing pressures of COVID-19 and the Omicron variant. Late filing and payment penalties will now be waived as long as your return is filed online by Monday 28th February … Continued
Please Mr. Taxman, can we have more time?!
The current explosion in cases of the Omicron variant of Coronavirus and uncertainty about what effect this will have on staff levels in the New Year, has prompted many in the business community to ask HMRC for an extension to the 31st January deadline for the 2020-21 tax return. Earlier … Continued
Update on Corporation Tax Return CT600
The Government updates are coming through as thick and fast as Boris’s speech notes, so here’s some more guidance to help you with your Corporation Tax Return CT600. Report CJRS Furlough grants and overpayments on Corporation Tax Return CT600 The latest version of the CT600 Corporation Tax Return updated on … Continued
Government Support Update – November 2021
I hope you are well and that your business is recovering from the effects of the pandemic. It still seems that the have a way to go to bring COVID-19 fully under control and that we may be moving towards more restrictions in the near future.With this in mind, I … Continued
More details on New Company Loss Carry Back Rules
HMRC have updated their guidance on claiming relief for company trading losses to take account of the extended carry back announced in the Spring Budget and now legislated in the Finance Act 2021. The guidance sets out the details required by HMRC where a company is making a claim for … Continued
WARNING! SEISS Phishing Scam doing the rounds!
We’ve been made aware by some clients that they have received an e-mail which looks as though it’s from HMRC with ‘IMPORTANT APPLICATION’ – You’re eligible for the fourth and fifth grants’ in the Subject field – A screen grab of this e-mail is featured here. The e-mail has a … Continued