The Chancellor, Rishi Sunak, is set to announce the fourth round of the Self-Employment Income Support Scheme (SEISS) at the Budget on 3 March, according to reports.
The number of taxpayers who failed to file their Self Assessment tax return on time has doubled, HM Revenue & Customs (HMRC) has revealed.
HM Revenue & Customs (HMRC) is set to waive fines for taxpayers who file their tax returns late, providing that they can prove that the delay was because of COVID-19.
The Trades Union Congress (TUC) states that working parents with children, who struggle to balance their work-life and childcare, should be put on the furlough scheme whilst the schools are closed.
Self-employed workers’ profits must be “significantly reduced” in order to claim the third instalment of the Self-Employment Income Support Scheme (SEISS), it has been revealed.
The second stage of the Self Employment Income Support Scheme (SEISS) is now open, and applications must be submitted before the deadline on Monday 19 October 2020.
Self-employed taxpayers due to make a payment on account can automatically defer the payment until 31 January 2021, it has been confirmed.
There are a number of Government support measures to help businesses through the coronavirus pandemic, as well as various business tax obligations being deferred. However, it can be difficult to keep track of all of the dates, deadlines and requirements,
The Self-Employment Income Support Scheme (SEISS) is now open for business, weeks ahead of schedule.