The deadlines for filing and paying CGT arising on the sale of an interest in UK property has changed as from 6 April 2020. UK residents making a gain which is liable to CGT from the disposal of residential property situated in the UK now have 30 days from conveyance in which to notify HMRC and pay across any CGT that is due. Non-UK residents have been subject to these report ...

Updated 5th November 2020 The Self-Employment Income Support Scheme Grant Extension provides financial support to the self-employed in the form of two grants, each available for three month periods covering 1 November 2020 to 31 January 2021 and 1 February 2021 to 30 April 2021. Who can claim To be eligible for the Grant Extension self-employed individuals (including members ...

2020 has been a year like no other in living memory, with the coronavirus pandemic having had an extraordinary impact in the UK and across the world. Just as things seemed to be returning to something resembling normality, a series of local lockdowns, more restrictions on socialising, a call to work from home if you can, reimposed quarantine requirements for those arriving from ...

Originally due to end on 31 October, the Coronavirus Job Retention Scheme (CJRS) will now remain open until 31 March 2021. The scheme had already been extended to December 2020 following the announcement of a new national lockdown for England. For claim periods running ‘through to January 2021’ (so we assume that means all of November and December at least and most probably Ja ...

Given recent events, there has been a significant increase in people looking at making tax relief claims due to the additional costs incurred for working from home. Previously (prior to the current tax year), employers could pay their employees a home working allowance of £4/week tax free. If employers did not make such a payment, the taxpayer could make a tax relief claim fo ...

The Self-Employment Income Support Scheme Grant Extension provides financial support to the self-employed in the form of two grants, each available for three month periods covering 1 November 2020 to 31 January 2021 and 1 February 2021 to 30 April 2021. Who can claim To be eligible for the Grant Extension self-employed individuals (including members of partnerships), must: ...

HMRC have written letters to VAT-registered businesses in Great Britain trading with the EU and/or the rest of the world, highlighting actions they need to take to continue trading with the EU from 1 January 2021. The  letter explains what businesses need to do to prepare for new processes for moving goods between Great Britain and the EU from 1 January 2021, including: Mak ...

The original plan for the scheme would have meant employers paying one third of their employees’ wages for their hours not worked, as well as normal wages for the time actually worked, making the overall cost of retaining staff on part-time hours prohibitive for many businesses. The changes announced should bring more flexibility to the JSS and reduce costs to employers for em ...

Businesses are able to get a personalised summary of the actions they need to take in preparation for new border controls in 2021 at gov.uk/transition. This will assist in : Being ready for new customs procedures for imports and exports Checking if you need a visa or work permit for travel to the EU Preparation for the new immigration system Ensuring you can continue to ...

Under government announcements, a taxpayer had the option to defer their second payment on account for 2019/20 if they were: registered in the UK for self assessment and; finding it difficult to make that payment by 31 July 2020 due to the impact of coronavirus. The deferred 31 July 2020 payment on account can be paid in full any time up to 31 January 2021. No interest c ...