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  • Folkes Worton LLP Chartered Accountants takes a look at the NEW

Tag: <span>Grants</span>

Alternative Fuel Payment Scheme Launched

Households, businesses and organisations who are ‘off the gas grid’ to receive energy bill support over the coming weeks From Monday last week, households across Great Britain who don’t use mains gas for heating started to receive £200 towards their energy bills as the Alternative Fuel Payment (AFP) scheme launched.…

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New Energy Bills Discount Scheme

New Energy Bills Discount Scheme (help for businesses and other non-domestic customers) to begin in April 2023 The Government has announced a new Energy Bills Discount Scheme (EBDS) from April 2023 to March 2024 for eligible non-domestic consumers in Great Britain and Northern Ireland. The current Energy Bill Relief Scheme…

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Don’t Forget to Declare COVID-19 Grants

Self-Assessment: don’t forget to declare COVID-19 Grants HMRC is reminding taxpayers that they must declare COVID-19 payments in their tax return for the 2021 to 2022 tax year. These grants are taxable and should be declared on tax returns for the 2021 to 2022 tax year before the deadline on 31st…

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Self-Assessment: Declare your COVID-19 payments

HMRC is reminding their Self-Assessment taxpayers that they must declare COVID-19 payments in their tax return for the 2021 to 2022 tax year. More than 2.9 million people claimed at least one Self-Employment Income Support Scheme (SEISS) payment up to 5 April 2022. These grants are taxable and should be…

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Tax Update – July 2022

In this month’s ‘Tax Update’ there’s information about Childcare Accounts, SEISS Grant Penalties and Tax Returns, Making Tax Digital and Research & Development.

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Penalties for Over-claimed SEISS Grants

HMRC are reminding sole traders and partners who have received Self-Employed Income Support Scheme (SEISS) grants that there are potentially penalties of up to 100% of amounts over-claimed in certain circumstances.

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Missing Out on Help with Childcare Costs?

The Government is concerned about the lack of take up of tax-free childcare accounts, with HMRC estimating that only about 25% of families eligible for the scheme have joined.  With many parents returning to work following the pandemic, they should be encouraged to set up a tax-free childcare account to…

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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…

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Fourth Self-Employed Income Support Grant

From our latest e-newsletter: “At the Budget it was confirmed that a fourth Self-Employed Income Support (SEISS) grant will be set at 80% of 3 months’ average trading profits, paid out in a single instalment, capped at £7,500. This grant covers the period February 21 to April 21. The fourth grant…

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Council Grants for Businesses Forced to Close

The next round of Council Grants has been released for businesses forced to close due to national restrictions. These grants are aimed at businesses in the retail, leisure, hospitality, personal care and sports facility sectors. They can only be claimed if the business has been forced to close due to…

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