Who to believe?

Next Wednesday the Chancellor will deliver his first proper Budget since the start of the pandemic nearly a year ago; since then, we have had what has amounted to a number of discriminatory and uncoordinated announcements aimed to protect some jobs and some businesses. You might think that, with all that time, the Treasury would…

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What should I do if my application to defer my 31 January tax due is rejected?

The government realised some time ago that a large number of taxpayers would need to defer tax due this January, so HMRC created an instalment mechanism to allow individual taxpayers to apply for time to pay the tax debts now falling due. However, some taxpayers and advisers using the online service to defer tax due on 31…

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There has never been a lower barrier to entry for new businesses

Amongst all the doom and gloom of the past few years fuelled by Brexit, the COVID pandemic and challenges to democracy a fundamental paradigm shift has taken place: There has never been a better time to be a small business owner. Technology means you can create and launch new ideas, products and services quickly. There has…

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The SEISS claims portal opens again today … but beware of the more onerous conditions

The self-employed income support scheme (SEISS) claims portal reopens today (Monday 30 November), but new rules mean that taxpayers must declare their trade has been impacted by reduced demand before they can claim the third grant. When claiming the first two SEISS grants taxpayers had to confirm that their trade had been adversely affected by the coronavirus…

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