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300,000 tax credits customers yet to renew claims a week before deadline: HMRC

300,000 tax credits customers yet to renew claims a week before deadline: HMRC With the 31 July deadline looming, more than 300,000 tax credits customers have just over one week to renew their claims, HMRC reports. There’s less than a week to go before tax credits claims reset, and HM Revenue and Tax (HMRC) is …

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Just one month till deadline to join VAT Deferral New Payment Scheme

Just one month till deadline to join VAT Deferral New Payment Scheme HM Revenue and Customs is calling on businesses to act now to join the VAT Deferral New Payment Scheme, with just one month to go before the online portal closes on 21 June 2021. It has already proved a popular resource for businesses …

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HMRC explains new penalty regime and VAT deferral scheme deadline

HMRC explains new penalty regime and VAT deferral scheme deadline Santhie Goundar reports on the upcoming new penalty regime for VAT and income tax, and the closure of the VAT deferral New Payment Scheme next month. HMRC held sessions at the Accountex Virtual Summit on 12–13 May, explaining how its new penalty regime (coming into …

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£4.6bn in business grants announced following latest lockdown

£4.6bn in business grants announced following latest lockdown The government has announced £4.6 billion worth of one-off top up grants for retail, hospitality and leisure businesses of up to £9,000 per property to help businesses through the latest lockdown. The announcement comes as Prime Minister Boris Johnson revealed last night that businesses will be closed …

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HMRC answers pressing concerns as CJRS and SEISS deadlines loom

HMRC answers pressing concerns as CJRS and SEISS deadlines loom HM Revenue & Customs has addressed some frequently asked concerns regarding the Coronavirus Job Retention Scheme and the Self-Employment Income Support Scheme ahead of the upcoming claims deadline. In a recent email notice, HMRC Chief Executive and First Permanent Secretary Jim Harra reminded accountants and …

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Covid-19: Christmas grant for ‘wet-led pubs’

Covid-19: Christmas grant for ‘wet-led pubs’ The Government has announced that pubs in tiers 2 and 3, that predominantly serve alcohol rather than food, will receive a £1,000 Christmas period grant. The payment will be a one-off for December 2020 and will be paid on top on the existing £3,000 monthly cash grants for businesses. …

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