by MAS | Jun 29, 2020 | Coronavirus, Covid-19, Financial news, HMRC, Self Assessment, Self employed, Tax
If taxpayers have not paid the correct amount at the end of the tax year (5 April), HMRC will send a P800 or a Simple Assessment tax calculation advising of how to get a refund or pay tax that is owed. If due a tax refund, you can choose whether to receive a cheque...
by MAS | Jun 25, 2020 | Financial news, HMRC, Self Assessment, Self employed, Tax
5 July Deadline for reaching a PAYE Settlement Agreement for 2019/20. 6 July Deadline for forms P11D and P11D(b) for 2019/20 to be submitted to HMRC and copies to be issued to employees concerned. Deadline for employers to report share incentives for 2019/20. 14 July...
by MAS | Jun 23, 2020 | Business advice, Coronavirus, Covid-19, Financial news
The government has revealed plans to broaden the Coronavirus Act and the Corporate Insolvency and Governance Bill, along with a code of practice for landlords and tenants. The intention being to allow tenant businesses some scope to work with landlords. The key...
by MAS | Jun 22, 2020 | Business advice, Coronavirus, Covid-19, Financial news, HMRC, Self Assessment, Self employed
As previously mentioned, SEISS is being extended. However, we wanted to clarify the details and eligibility criteria. Second grant You will be able to claim a second and final grant in August 2020; HMRC will calculate your eligibility the same way as the first...
by MAS | Jun 19, 2020 | Business advice, Coronavirus, Covid-19, Financial news, HMRC, PAYE
Legislation is currently being fast-tracked to allow HMRC to reclaim any furlough money overpaid to employers, or not spent on wages as intended. There will be the initial investigations following reports of misconduct but soon after random compliance checks are...
