Side hustlers selling festive items need to tell HM Revenue and Customs (HMRC) online if earnings exceed £1,000 a year. … Continue reading Christmas crafters – check the tax rules
Christmas crafters – check the tax rules
Category: Self Employed
New support for Small Business
HMRC highlights online support for small businesses to help them understand their tax responsibilities Running a small business, working for … Continue reading New support for Small Business
Help protect workers from getting caught out by tax avoidance
As part of the October 2024 Employer Bulletin, HM Revenue and Customs (HMRC) are asking employers to to assist with … Continue reading Help protect workers from getting caught out by tax avoidance
On your marks – 100 days to file Self Assessment
Self Assessment filers encouraged to prepare and file their tax return early as 31sr January 2025 deadline is in sight. … Continue reading On your marks – 100 days to file Self Assessment
Basis period reform – tax year reporting
https://youtu.be/4hfxyyYYjDE As part of the July 2024, the HMRC have provided confirmation and details on the change of accounting year … Continue reading Basis period reform – tax year reporting
VAT threshold raised and rates frozen in boost for small business
28,000 small businesses freed from paying VAT, encouraging them to invest and grow as the threshold is raised from £85,000 … Continue reading VAT threshold raised and rates frozen in boost for small business
VAT threshold increases -Budget 2024
As part of the 6th March 2024, the chancellor announced an increase to the VAT registration threshold “We should reward … Continue reading VAT threshold increases -Budget 2024
Construction contractor transferred Covid funds to his own bank
A man from east London must repay £10,000 within one week after falsely applying for a Covid Bounce Back Loan. … Continue reading Construction contractor transferred Covid funds to his own bank
COVID loan abuser sentenced
Self-employed builder from Hounslow overstated income to claim £50,000 Bounce Back Loan then lost it in scam crypto investment scheme. … Continue reading COVID loan abuser sentenced
Running your own company? File your accounts!
If you’re due to file accounts with Companies House, allow plenty of time before your deadline. Companies house have provided … Continue reading Running your own company? File your accounts!
Regulating Umbrellas
Following the call for evidence in the umbrella company market with over 400 responses., the government have published the Summary … Continue reading Regulating Umbrellas
UK Payroll numbers hit new record
HMRC Real Time Information submission have indicated a new record number of people on payroll according to the Office For … Continue reading UK Payroll numbers hit new record
SIA leads joint operation to identify illegal working practices and tax fraud
The Security Industry Authority (SIA), HMRC and West Midlands Police recently carried out a joint operation in Birmingham to ensure … Continue reading SIA leads joint operation to identify illegal working practices and tax fraud
It’s the season of Self Assessment!
With the 31st January 2023 fast approaching, many UK taxpayers will need to be progressing their Self Assessment filing for … Continue reading It’s the season of Self Assessment!
Record number of employees on payroll
The latest Labour Force Survey (LFS) estimates from the Office for National Statistics (ONS) for December 2021 to February 2022 … Continue reading Record number of employees on payroll
Don’t forget to declare coronavirus support payments on Company Tax Returns
Dear PAYadvice.UK, We want to make sure you have the latest information to help your clients to complete their Company … Continue reading Don’t forget to declare coronavirus support payments on Company Tax Returns
100,000 spread their Self Assessment tax bill
Almost 100,000 Self Assessment filers have used online payment plans to spread the cost of their tax bill into manageable … Continue reading 100,000 spread their Self Assessment tax bill
Over 10.2 million filed their Self Assessment by 31st January 2022
HM Revenue and Customs (HMRC) has confirmed that more than 10.2 million customers filed their 2020 to 2021 tax returns … Continue reading Over 10.2 million filed their Self Assessment by 31st January 2022
HMRC to name tax avoidance promoters
Naming tax avoidance promoters As part of the approach to support taxpayers to steer clear, or move out, of tax … Continue reading HMRC to name tax avoidance promoters
Call for Evidence: umbrella company market
The government has published a call for evidence on the umbrella company market. Umbrellas - what are they? Umbrella companies … Continue reading Call for Evidence: umbrella company market
Check on illegal working practices in the security industry
The Security Industry Authority (SIA) and HMRC have carried out joint operations in London, Bradford and Glasgow last week to … Continue reading Check on illegal working practices in the security industry
Just some extra cash!
HM Revenue and Customs (HMRC) are reminding individuals that obtaining additional income from various sources may need to be declared … Continue reading Just some extra cash!
Self Assessment countdown begins
There are 100 days to go until the deadline for online tax returns on 31st January 2022. Last year, 96% … Continue reading Self Assessment countdown begins
SEISS
As Self-Employment Income Support Scheme (SEISS) grants are taxable, these should be declared on the tax return. Advice for those … Continue reading SEISS
Finance for small businesses
Running a small business and needing to find finance assistance, the latest blog by the Governments Actuarial Department (GAD) looks … Continue reading Finance for small businesses
Get ready for Self Assessment
The deadline to complete a tax return for the 2020 to 2021 tax year is approaching. HM Revenue and Customs … Continue reading Get ready for Self Assessment
Chancellor praises workers as Plan for Jobs enters next stage
Chancellor hails UK workforce as Government’s Plan for Jobs enters the next stage.As furlough winds down schemes such as the … Continue reading Chancellor praises workers as Plan for Jobs enters next stage
Submit August claims, prepare for closure of the Job Retention Scheme and the latest on SEISS
Dear PAYadvice.UK , I’m writing to you with the latest information about the support schemes available to help your clients, as … Continue reading Submit August claims, prepare for closure of the Job Retention Scheme and the latest on SEISS
Actions for you and your clients – preparing for closure of the Job Retention Scheme and the latest on SEISS
Dear PAYadvice.UK I’m writing to you with the latest information about the support schemes available to help your clients, as … Continue reading Actions for you and your clients – preparing for closure of the Job Retention Scheme and the latest on SEISS
Simplified tax reporting for self-employed and small businesses
Reforms to the tax system that will make it easier for small businesses to fill out their returns have been … Continue reading Simplified tax reporting for self-employed and small businesses
Action required – upcoming deadline for furloughing employees and the latest on SEISS
Dear Payadvice.UK , I’m writing to you with the latest information about the financial support schemes available to help your … Continue reading Action required – upcoming deadline for furloughing employees and the latest on SEISS
Self-Employment Income Support Scheme (SEISS) 5th grant
Claiming the fifth SEISS grant The Self Employed will be able to make claims for the fifth SEISS grant when … Continue reading Self-Employment Income Support Scheme (SEISS) 5th grant
COVID-19 support – what’s available and actions you may need to take
Dear Payadvice.UK , I’m writing to you with the latest information about the financial support schemes available to help your … Continue reading COVID-19 support – what’s available and actions you may need to take
1.3 million employees moving off furlough in March and April
Furlough numbers have fallen to their lowest level this year, according to official statistics published as the number of people … Continue reading 1.3 million employees moving off furlough in March and April
Non-compliance with basic employment rights in the labour market highlights the need for reform – TUC
The Trades Union Congress (TUC) have published a research paper outlining an action plan to reform labour market enforcement. TUC … Continue reading Non-compliance with basic employment rights in the labour market highlights the need for reform – TUC
Self-Employment Income Support Scheme (SEISS)
The Self-Employment Income Support Scheme is open for claims. If you think you might be eligible, check if you can … Continue reading Self-Employment Income Support Scheme (SEISS)
COVID-19 support – what’s available and actions you or your clients may need
Dear Payadvice Ltd, I’m writing to you with the latest information about financial support schemes available to help your clients as … Continue reading COVID-19 support – what’s available and actions you or your clients may need
COVID-19 support – latest information
Dear Payadvice Ltd, I’m writing to you with the latest information about financial support schemes available to help your clients. This … Continue reading COVID-19 support – latest information
Self-Employment Income Support Scheme fourth grant
Find out if you’re eligible for the fourth grant which will cover the period February 2021 to April 2021. Also … Continue reading Self-Employment Income Support Scheme fourth grant
Legal footing for national unlocking set out ahead of vote
The government has set out regulations that will pave the way to the easing of all restrictions from 21st June … Continue reading Legal footing for national unlocking set out ahead of vote
Self-Employment Income Support Scheme fourth grant
At the Budget 2021, it was confirmed that the fourth SEISS grant will be set at 80% of 3 months’ … Continue reading Self-Employment Income Support Scheme fourth grant
UK Government support announced for businesses
Dear @PAYadvice, Today, as part of the Budget, the UK Government has announced further support for employers and the self-employed. … Continue reading UK Government support announced for businesses
Parliamentary question – Directors Income Support Scheme response
HM Treasury responded to a question on COVID-19 assistance for Directors on 22nd February 2021 The question: To ask the … Continue reading Parliamentary question – Directors Income Support Scheme response
Self-Employment Income Support Scheme (SEISS) – claim now before 29th January deadline
Dear @PAYadvice, The deadline for claiming the third SEISS grant is fast approaching. If your clients are eligible, they must … Continue reading Self-Employment Income Support Scheme (SEISS) – claim now before 29th January deadline
National free school meals voucher scheme opens to orders
Edenred site opens for schools to purchase eGift cards for eligible families to use at their choice of supermarkets Schools … Continue reading National free school meals voucher scheme opens to orders
Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme claims deadlines
Dear @PAYadvice, I’m writing to remind you of upcoming claims deadlines for the following schemes: Coronavirus Job Retention Scheme (CJRS)Self-Employment … Continue reading Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme claims deadlines
Action required – submit your Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme claims
Dear @PAYadvice, I’m writing to remind you of upcoming deadlines for Coronavirus Job Retention Scheme (CJRS) and Self-Employment Income Support … Continue reading Action required – submit your Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme claims
Self-Employment Income Support Scheme open for claims
The Self-Employment Income Support Scheme is now open for claims. If you didn't claim during the time slot you were … Continue reading Self-Employment Income Support Scheme open for claims
Claim the Self-Employment Income Support Scheme – now open
The SEISS claim facility was opened on Sunday 29th November 2020. To make a claim for the third grant your … Continue reading Claim the Self-Employment Income Support Scheme – now open
Self-Employment Income Support Scheme (SEISS) third grant: Full details now published
Dear @PAYadvice, Full details of the third SEISS grant to support self-employed people affected by coronavirus (COVID-19) have been published … Continue reading Self-Employment Income Support Scheme (SEISS) third grant: Full details now published
Claim a grant through the extended Self-Employment Income Support Scheme
Applications for the Self Employment Income Support Scheme Grant Extension open on Monday 30th November 2020. The full eligibility criteria … Continue reading Claim a grant through the extended Self-Employment Income Support Scheme
Off-Payroll working rules (IR35) – are you prepared?
Off-Payroll Working Rules (IR35): education and support to help prepare for April 2021 changes Medium or large-sized non-public sector organisations … Continue reading Off-Payroll working rules (IR35) – are you prepared?
Chancellor statement to the house – Furlough extension
The oral statement of the Chancellor of the Exchequer announcing the extension to the Job Retention a Scheme referred also … Continue reading Chancellor statement to the house – Furlough extension
Government extends Furlough to March and increases self-employed support
Workers across the United Kingdom will benefit from increased support with a five-month extension of the furlough scheme into Spring … Continue reading Government extends Furlough to March and increases self-employed support
Government extends extra welfare support for self-employed for further six months
Zero Minimum Income Floor for UC regulations signed into law Universal Credit will continue to be calculated based on current … Continue reading Government extends extra welfare support for self-employed for further six months
Government increases support for self-employed across the UK
The government is increasing its support to the self-employed over the coming months and ensuring people get paid faster than … Continue reading Government increases support for self-employed across the UK
Self Employment Income Support Grant – claim from 14th December 2020
The Self-Employment Income Support Scheme Grant Extension provides support in the form of two grants, each for three month periods … Continue reading Self Employment Income Support Grant – claim from 14th December 2020
Chancellor increases financial support for the self-employed
Grants for the self-employed doubled to 40% of previous earnings Self-employed grant The Thursday 22nd October 2020 announcement increases the … Continue reading Chancellor increases financial support for the self-employed
Off-payroll workers – have you prepared?
With less than 6 months until new law comes into effect, has your business put in place plans to implement … Continue reading Off-payroll workers – have you prepared?
SEISS claim deadline 19th October
If you think that you’re eligible for the second Self-Employment Income Support Scheme grant and you have not yet claimed, … Continue reading SEISS claim deadline 19th October
Business interruption insurance – treasury letter
Correspondence - Treatment of government grant support schemes in business interruption insurance settlements: Letter from the Economic Secretary to the … Continue reading Business interruption insurance – treasury letter
Self Employment Income Support Scheme (SEISS) extended
The Self-Employment Income Support Scheme (SEISS) extension will support viable traders who are facing reduced demand over the winter months, covering 20 … Continue reading Self Employment Income Support Scheme (SEISS) extended
Thinking about Self Employment – the hub for Gov info
If you are self-employed or thinking of being self-employed there is an information hub on GOV.UK just for you. Self-employment … Continue reading Thinking about Self Employment – the hub for Gov info
Child Trust Funds – teenagers turning 18?
If you were receiving Child Benefit and your child is turning 18,from this September they may have money in their … Continue reading Child Trust Funds – teenagers turning 18?
Self-Employment Income Support Scheme (SESS) now open
If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19), the scheme allowed … Continue reading Self-Employment Income Support Scheme (SESS) now open
The future of work can be flexible
There has been a steep rise in the number of employees working flexibly during lockdown, alongside this there has also … Continue reading The future of work can be flexible
£20 million to improve small business leadership and problem-solving skills #coronavirus
Two new leadership programmes to help small business leaders grow in the wake of the coronavirus pandemic have been launched … Continue reading £20 million to improve small business leadership and problem-solving skills #coronavirus
Find a restaurant – Eat Out to Help Out
From 3 to 31 August, get discounts when you eat in at restaurants that are registered with the Eat Out … Continue reading Find a restaurant – Eat Out to Help Out
Employees encouraged to report furlough cheats
The government states ‘The Job Retention Scheme was put in place to save jobs’. HM Revenue and Customs are asking … Continue reading Employees encouraged to report furlough cheats
Employment in the UK
The Office for National Statistics have released their latest labour market report. While some have lost their jobs, the biggest … Continue reading Employment in the UK
Latest on the #coronavirus Job Retention Scheme (CJRS) and the Self Employment Income Scheme
The UK government have confirmed the statistics up to midnight 12 July 2020. £31.7bn for small business through Bounce Back … Continue reading Latest on the #coronavirus Job Retention Scheme (CJRS) and the Self Employment Income Scheme
Over a million bounce back loans approved for small businesses #COVID19 #coronavirus
Bounce Back loans approved for small firms to help them survive the Coronavirus pandemic has passed the one million milestone. … Continue reading Over a million bounce back loans approved for small businesses #COVID19 #coronavirus
Self-employed – Make your SEISS grant claim by 13th July 2020 #COVID19 #coronavirus
If you’re eligible and your business has been adversely affected you must make your claim for the first grant on … Continue reading Self-employed – Make your SEISS grant claim by 13th July 2020 #COVID19 #coronavirus
Treasury Direction under Sections 71 and 76 of the Coronavirus Act 2020: Self-Employment Income Support Scheme (SEISS)
On 30 April, the Chancellor made a Treasury Direction under Section 71 and 76 of the Coronavirus Act. It sets … Continue reading Treasury Direction under Sections 71 and 76 of the Coronavirus Act 2020: Self-Employment Income Support Scheme (SEISS)
Small Business Accelerator – free online educational programme
Today @AmazonUK and @e_nation have launched the Amazon Small Business Accelerator which will help over 200,000 businesses to start, recover, … Continue reading Small Business Accelerator – free online educational programme
#coronavirus Job Retention Scheme and Self Employed Income Support Scheme update – 21st June 2020
The Coronavirus Job Retention Scheme Part 1 is soon coming to an end on 30th June 2020. Announced by the … Continue reading #coronavirus Job Retention Scheme and Self Employed Income Support Scheme update – 21st June 2020
Self-employed new parents can claim #COVID19 support grant #coronavirus
Z&R by PSP (c)2020 The government have announced that self-employed parents whose trading profits dipped in 2018/2019 because they took … Continue reading Self-employed new parents can claim #COVID19 support grant #coronavirus
Reservists returning to civilian work eligible for #coronavirus #COVID19 government support schemes
Military reservists able to access the self employment scheme and those returning to work the Coronavirus job retention scheme (CJRS) … Continue reading Reservists returning to civilian work eligible for #coronavirus #COVID19 government support schemes
UK Government figures confirm support for incomes across all nations during #coronavirus #COVID19
new figures highlight Government support in protecting jobs and helping individuals across all four nationsstatistics for Coronavirus Jobs Retention Scheme … Continue reading UK Government figures confirm support for incomes across all nations during #coronavirus #COVID19
Self-Employed – have you claimed SEISS #coronavirus #COVID19
The Self-Employment Income Support Scheme opened on 13 May and provides assistance to the qualifying self-employed. By midnight on 7 … Continue reading Self-Employed – have you claimed SEISS #coronavirus #COVID19
Self Employment Income Support Scheme extended – #COVID19 #coronavirus
Rishi Sunak has announced (29th May 2020) an extension to SEISS. “I know people have been waiting to hear and … Continue reading Self Employment Income Support Scheme extended – #COVID19 #coronavirus
#COVID19 government help webinars #coronavirus
Jim Harra, of the HMRC has shared the following: The government is committed to doing whatever it takes to support … Continue reading #COVID19 government help webinars #coronavirus
Off-Payroll rules progressing for April 2021 private sector introduction
The government are progressing the introduction of off-payroll working / deemed employment / IR35 changes in the private sector to … Continue reading Off-Payroll rules progressing for April 2021 private sector introduction
Self Assessment – Affected by #COVID19 – Defer your July payment – #coronavirus
New HMRC guidance explains how Self Assessment customers who have been affected by #coronavirus can defer their payment on account … Continue reading Self Assessment – Affected by #COVID19 – Defer your July payment – #coronavirus
Agents – you cannot apply for the Self-Employment Income Support Scheme #coronavirus #COVID19
HMRC confirm that ‘Agents must not apply for the Self-Employment Income Support Scheme on behalf of their clients. This will … Continue reading Agents – you cannot apply for the Self-Employment Income Support Scheme #coronavirus #COVID19
Applications for Self-Employment Income Support Scheme open early #COVID19 #coronavirud
From 8am Wednesday 13th May 2020 self-employed individuals or members of partnerships whose business has been adversely affected by coronavirus are able to … Continue reading Applications for Self-Employment Income Support Scheme open early #COVID19 #coronavirud
Going back to the workplace – is your employer prepared? #COVID19 #coronavirus
Is your employer instructing you to return to your normal workplace? Can you undertake work from home? The government are … Continue reading Going back to the workplace – is your employer prepared? #COVID19 #coronavirus
Self-Employed Income Support Scheme – apply from Wednesday 13th May #COVID19 #coronavirus
How to claim The online service is available from 13 May 2020. If eligible, HMRC will tell you the date … Continue reading Self-Employed Income Support Scheme – apply from Wednesday 13th May #COVID19 #coronavirus
Self-Employment Income Support Scheme (SEISS): Using the eligibility checker – YouTube
HMRC have produced a helpful YouTube video to guide the Self-Employed through the eligibility checker for the Self-Employment Income Support … Continue reading Self-Employment Income Support Scheme (SEISS): Using the eligibility checker – YouTube
Online tool – Self-Employment Income Support Scheme (SEISS) #COVID19 #coronavirus
HMRC are starting to contact the self-employed who are likely to be eligible for SEISS. The contact is via a … Continue reading Online tool – Self-Employment Income Support Scheme (SEISS) #COVID19 #coronavirus
Self-Employment Income Support Scheme updates 1st & 4th May 2020 – #COVID19 #coronavirus
https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme#claim The Chancellor has made a Treasury Direction under Sections 71 and 76 of the Coronavirus Act 2020. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/882593/SEISS_Direction_Final_-_SIGNED.pdf HMRC … Continue reading Self-Employment Income Support Scheme updates 1st & 4th May 2020 – #COVID19 #coronavirus
UK Parliament TV – #COVID19 #coronavirus – You Tube
You Tube has recordings in relation to coronavirus from UK Parliament TV. Debates and announcements for business, employers and employees … Continue reading UK Parliament TV – #COVID19 #coronavirus – You Tube
Business support – Coronavirus (COVID-19)
https://www.gov.uk/coronavirus/business-support Coronavirus business support What you can do now Find out what financial support schemes you may be eligible for … Continue reading Business support – Coronavirus (COVID-19)
What furloughed workers need to know
Jim Harra, HMRC Jim Harra, First Permanent Secretary and CEO at HMRC explains what you need to know about getting … Continue reading What furloughed workers need to know
At home with time on your hands as a result of #COVID19 #coronavirus – Free courses with the Open University OpenLearn
https://www.open.edu/openlearn/ Have you found yourself furloughed or even unfortunately laid off or made redundant and now have time on your … Continue reading At home with time on your hands as a result of #COVID19 #coronavirus – Free courses with the Open University OpenLearn
VAT deferral #COVID19 #coronavirus
https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19 If you’re a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 … Continue reading VAT deferral #COVID19 #coronavirus
New Income Support Scheme for Self-employed #COVID19 #coronavirus
https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme The scheme allows the self employed to claim a taxable grant worth 80% of trading profits up to a … Continue reading New Income Support Scheme for Self-employed #COVID19 #coronavirus
#COVID19 #coronavirus Guidance for the Self-employed
Guidance for self-employed https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees If you’re self-employed or not eligible for SSP If you are not eligible for SSP – for … Continue reading #COVID19 #coronavirus Guidance for the Self-employed