MTD filing to be extended to all VAT-registered traders from April 2022

On 21 July the Treasury set out a first draft of the government’s ten-year plan to modernise the tax administration system. This includes restarting the making tax digital (MTD) programme which had ground to a halt in the face of Brexit and the coronavirus pandemic. MTD filing is to be extended to all VAT-registered traders from April 2022…

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The Self-Employment Income Support Scheme is being extended…but half of the self-employed are still excluded

When the chancellor announced a scheme for the self-employed similar to the Coronavirus Job Retention Scheme most of the 5m self-employed in the UK breathed a sigh of relief even though it had been a long time coming. It wasn’t long, however, before HMRC started to reject applications from self-employed people excluded from the scheme.…

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Update on the Self-employed Income Support Scheme

The SEISS portal open for applications in phases between 13 and 18 May. Here is the latest information we have the on the scheme. Eligibility checker HMRC’s eligibility checker went live on 4 May and is available to taxpayers and their agents. In a small number of cases, the checker is giving an incorrect not-eligible result. This mostly affects…

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We face huge challenges, but isn’t that a good thing?

Where many seem to be struggling with the pandemic quarantine, I’ve found home isolation, and the lack of social commitments, freeing. It’s allowed me to become more contemplative, and connected to the rhythms of family life. It’s not that I’m anti-social. I enjoy limited social engagements. But since I started my own practice some years…

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New ‘top-up’ rates grants available for left-out businesses

The government has made extra money available to a range of businesses not previously covered by business rates holidays or support grants. The new discretionary ‘top-up’ fund caters for small businesses with ongoing fixed property costs. The kinds of businesses that may now qualify for help include those in shared workspace offices, regular market traders and small…

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Tax agents unable to make Self-Employed Income Support Scheme claims on behalf of clients

Just when they hoped the government was coming to their rescue, the millions of self-employed workers in the UK have been delivered a blow by HMRC who have announced that their tax agents are barred from claiming the self-employed income support scheme (SEISS) grant on their behalf. The SEISS will be open for applications from…

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