Covid19 Archives - Page 5 of 18 - Whitefield Tax - Isle of Wight Accountants

Accounting for SEISS grants

by Jessica Garbett | May 19, 2021 | business taxation, Covid19

We’ve had some queries about how SEISS grants are taxed. Here is a summary. First they go on your return separately – in box 27.1 if you use the Short SA103, or box 70.1 if you use the full form. See Tax returns forms updated for Covid grants Secondly,...

Tax returns forms updated for Covid grants

by Jessica Garbett | Apr 28, 2021 | ACCA, business taxation, Covid19

HMRC has updated the tax return forms for 2021 to enable the reporting of Coronavirus Support schemes. The new returns include boxes for Self-Employment Income Support Scheme grants to allow them to be reported separately and crosschecked by HMRC. Self-Assessment:...

ACCA summary of Latest news and updates from HMRC

by Jessica Garbett | Apr 26, 2021 | ACCA, business taxation, capital taxation, Covid19, personal taxatation, property taxation

Latest news and updates from HMRC Catch up on this weeks update from HMRC on CJRS and deferment The following quick links help navigate through the HMRC site: VAT deferral – apply now to spread your payments further The VAT deferral new payment scheme is open...

Self Employed Grant 4 – SEISS – Verification for Newly Self Employed

by Jessica Garbett | Mar 18, 2021 | business issues, Covid19

Our understanding is that Roll-out for 4th SEISS Self Employment Grant starts late April 2021. HMRC Information: Self-Employment Income Support Scheme fourth grant We put out an important update on Social Media earlier this week, relating to an HMRC verification...

Restart Grants – April 2021

by Jessica Garbett | Mar 18, 2021 | budget, business issues, Covid19

In Spring Budget 2021 the Chancellor announced Restart Grants for certain businesses closed during lockdown. Details were published on 17th March 2021, in the form of Guidance for Local Authorities The pertinent details are: 1 – Available to businesses who pay...

Don’t miss the 1 April tax payment deadline

by Jessica Garbett | Mar 15, 2021 | ACCA, business taxation, Covid19, HMRC, personal taxatation

If you benefited from HMRC’s filing extension, make sure you avoid the 5% penalty Around 1.8 million individuals benefited from a hard-fought campaign which encouraged HMRC not to charge a late filing penalty – provided that returns were submitted online by 28...

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Accounting for SEISS grants

Tax returns forms updated for Covid grants

ACCA summary of Latest news and updates from HMRC

Self Employed Grant 4 – SEISS – Verification for Newly Self Employed

Restart Grants – April 2021

Don’t miss the 1 April tax payment deadline

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