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264,800 Help to Save accounts opened

More than 264,000 individuals have opened a Help to Save account and could be earning money on their savings, statistics from HM Revenue and Customs (HMRC) have revealed. Help to Save is the government backed savings scheme that allows individuals to earn a 50 pence bonus for every £1 saved over four years. The 50% […]

HMRC’s latest national, regional and trade statistics for the UK Government’s Coronavirus Job Retention Scheme (CJRS) and Self-Employment Income Support Scheme (SEISS) have gone LIVE

HMRC’s latest national, regional and trade statistics for the UK Government’s Coronavirus Job Retention Scheme (CJRS) and Self-Employment Income Support Scheme (SEISS) have gone live.               The CJRS stats provide analysis of claims up to 31 January 2021 under the CJRS extension, which opened for claims on 1 November. The data is broken down by various […]

VAT Deferral New Payment Scheme – online service opens

Over half a million businesses who deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it in smaller monthly instalments, HMRC has announced today (23 February). In order to take advantage of the new payment scheme businesses will need to have deferred VAT payments between March […]

More help for Self Assessment taxpayers

Self Assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April, HM Revenue and Customs (HMRC) has announced. The payment deadline for Self Assessment is 31 January and interest is charged from 1 February on any amounts outstanding. Normally, a […]

No Self Assessment late filing penalty for those who file online by 28 February

Self Assessment customers will not receive a penalty for their late online tax return if they file by 28 February, HM Revenue and Customs’ Chief Executive Jim Harra has announced. More than 8.9 million customers have already filed their tax return. HMRC is encouraging anyone who has not yet filed their tax return to do […]

Fascinating facts about Self Assessment

Did you know almost 100,000 people filed their tax returns on 6 April 2020, which is the first day of the tax year? With the 31 January deadline fast approaching, HM Revenue and Customs (HMRC) shares some little-known facts about Self Assessment tax returns. The April ‘early birds’ are not the only ones to make […]

South West taxpayers urged: Don’t miss the Self Assessment deadline!

With the busy festive season approaching, HM Revenue and Customs (HMRC) is calling on the South West’s one million Self Assessment customers not to miss the 31 January deadline. The 2019-20 tax return can be finalised at any time up to the deadline but HMRC is encouraging customers to complete it early to allow for […]

Local Restrictions Support Grant (Closed) – For businesses mandated to close

Following Government’s announcement of national restrictions, 5 Nov – 2 Dec.  Local authorities will administer a new Local Restrictions Support Grant (LRSG)which is available to businesses that provide direct in-person services from their premises and have been required to close from 5th November until 2nd December. The amount of grant funding that businesses required to […]

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