Self Assessment Penalty Waivers
HMRC Self Assessment Penalty WaiversToday HMRC has announced that we will not charge: 1. Late filing penalties for those who file online by 28 February 2022. 2. Late payment penalties for those who pay the tax due in full or set up…
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HMRC introduces penalty for SEISS grant abuse
As the fourth self employment income support scheme (SEISS) ramps up for applications, HMRC has confirmed the penalty regime with harsh fines for abuse of the financial support. An overclaimed SEISS grant includes any amount of grant which the self…
Continue ReadingUK Transition Employer Bulletin Special Edition
Following the UK’s exit from Europe on 31 December 2020, HMRC has published a UK Transition edition of the Employer Bulletin. This contains a roundup of information and support previously published to continue supporting you. In this edition, you can…
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Changes to the Coronavirus Business Interruption Loan and Bounce Back Loan Schemes
Coronavirus Business Interruption Loan UK Government intends to give Coronavirus Business Interruption Loan Scheme lenders the ability to extend the length of loans from a maximum of six years to ten years if it will help businesses to repay the…
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