Berwick: 01289 302463 | Edinburgh: 0131 3782737 enquiries@jhgreenwood.co.uk

Welcome to our blog page, keeping you up to date with current topics….

Check if you can claim a grant through the Self-Employment Income Support Scheme

Check if you can claim a grant through the Self-Employment Income Support Scheme HMRC is advising the self employed that the Self-Employment Income Support Scheme (SEISS) has been extended. Taxpayers who were not eligible for the first and second grant will not be eligible for the third. To make a claim for the third grant the taxpayer’s [...]

Self assessment deadline approaching

Self assessment deadline approaching The deadline for submitting your 2019/20 self assessment return is 31 January 2021. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 National Insurance Contributions (NIC), capital gains tax and High Income [...]

HMRC and Advertising Standard Authority launch new action to disrupt promoters of tax avoidance schemes

HMRC and Advertising Standard Authority launch new action to disrupt promoters of tax avoidance schemes HMRC and the Advertising Standards Authority (ASA) have launched a new joint enforcement notice to cut out misleading marketing by promoters of tax avoidance schemes. The joint enforcement notice aims to disrupt the activity of promoters and protect individuals from [...]

VAT Deferral

VAT Deferral If you deferred VAT payments due between 20 March 2020 and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full, on or before 31 March 2021 join the VAT deferral new payment scheme – the online service is open between 23 February 2021 and 21 [...]

Extension of the Job Retention Scheme

Extension of the Job Retention Scheme Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme (CJRS) until the end of April 2021. Businesses adversely affected by the coronavirus (COVID-19) can make use of the CJRS until the end of April, with the government continuing to pay 80% of employees’ salaries for hours not worked. [...]

Chancellor announces £4.6 billion lockdown grant package

Chancellor announces £4.6 billion lockdown grant package Chancellor Rishi Sunak has announced a new £4.6 billion package of grants to support businesses through the latest national lockdown. UK businesses in the retail, hospitality and leisure sectors are to be given one-off grants worth up to £9,000. The payments are expected to support 600,000 business properties [...]

Brexit Imports & Exports

Brexit imports and exports From 1 January 2021, the UK will operate a full external border with the EU, which will entail major changes for imports and exports to and from the trading bloc. From 1 January 2021, declarations will be needed to import or export specific (limited) goods categorised as ‘controlled’. However, for non-controlled [...]

54,800 customers claim tax relief for working from home

54,800 customers claim tax relief for working from home HMRC has received more than 54,800 claims from taxpayers using a new online portal which allows workers to claim tax relief for working at home. From 6 April 2020, employers have been able to pay employees up to £6 a week tax-free to cover additional costs [...]