HMRC TELLS 24,000 FREELANCERS TO HAND BACK COVID SUPPORT GRANTS
HMRC admits it wrote to 100,000 self-employed workers even though it knew they had stopped trading
Tens of thousands of freelancers who applied for state support grants may be forced to hand them back to the taxman or face fines, after HM Revenue & Customs sent them information on the scheme – even though they were not eligible. ...
See original source
EX-FINANCIAL SECRETARY CALLS FOR ‘DREADED’ IR35 TO BE ABOLISHED
Wow, Mell Stride really is some piece of work. The man who helped orchestrate IR35 reform, Mel Stride, has called for the abolition of the ‘dreaded’ IR35 rules Speaking at ...
TWO-THIRDS OF ALL UK BUSINESSES AT RISK OF INSOLVENCY
Almost half of all UK companies are currently running on less than six months' cash reserves Two-thirds of all businesses across the UK currently trading have a “low to severe risk of inso ...
THE GOVERNMENT LAUNCHES £2 BILLION FUND CALLED KICKSTART SCHEME
The Kickstart Scheme provides funding to employers to create job placements for 16 to 24 year olds. The government has introduced a new Kickstart Scheme in Great Britain, a £2 billion fun ...
ROCKY ROAD AHEAD FOR VANS REDEFINED AS CARS
If modified crew-cab vehicles should now be treated as cars for benefit in kind purposes, what does this mean for input VAT and capital allowances? Helen Thornley investigates the wider tax implicatio ...
CLOCK IS TICKING TO REPAY CORONAVIRUS GRANTS
Self-employed individuals, and employers, have 90 days to inform HMRC that they have over-claimed the SEISS or CJRS grants and repay any excess before penalties apply. Any incorrect CJRS gr ...
TAX CREDITS DEADLINE: CUSTOMERS AT RISK OF LOSING OUT
Customers whose circumstances have changed in the last year or who have received a letter to reconfirm their income details must contact HMRC before 31 July. Tax credits customers only have until 31 J ...