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…
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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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Changes to the Self Employment Income Support Scheme (SEISS)
The Government is continuing its support for millions of self-employed individuals by extending the Self Employment Income Support Scheme Grant (SEISS). An initial taxable grant will be provided to those who are currently eligible for SEISS and are continuing to actively trade…
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