COVID-19 Archives | Taxfile

HMRC Waives Late Filing & Payment Penalty for 31st January Deadline

Taxfile — Mon, 10 Jan 2022 09:05:49 +0000

HMRC has taken the decision to not issue a late filing penalty for anyone who does not submit their self-assessment tax return before midnight on 31st January 2022. It is important to point out that the deadline for filing your 2020-21 tax return remains 31/01/22 but the waiving of the penalty allows anyone who is […]

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SEISS: The 5th & Final Round

Taxfile — Tue, 13 Jul 2021 08:53:03 +0000

HMRC has already started contacting possible eligible sole traders and partnerships for the 5th and final Self Employed Income Support Scheme grant announced by the Government last year. HMRC’s online access for applications is due to open later this month (July) and the grant will cover the period 1st May 2021 through to 30th September […]

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Recovery Loan Scheme

Taxfile — Thu, 22 Apr 2021 12:59:06 +0000

The Bounce Back Loan Scheme (BBLS) application entries terminated on 31/03/2021 and now the government has introduced the Recovery Loan Scheme to finance UK businesses as they grow and recover from the disruption of the COVID-19 pandemic. The government guarantees 80% of the finance to the lenders, meaning the necessity of credit checks on the […]

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Restart Grant NOW Available to Eligible Businesses

Taxfile — Thu, 22 Apr 2021 10:46:30 +0000

The Restart Grant scheme supports businesses in reopening safely as COVID-19 restrictions are lifted. Grants are available from 1 April 2021. To be eligible, your business must be in the non-essential retail sector and you may be entitled to a one-off cash grant of up to £6,000 from your local borough. Eligible businesses in the hospitality, […]

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4th SEISS Grant Available THIS Week

Taxfile — Thu, 22 Apr 2021 10:19:28 +0000

If you are self-employed or a member of a partnership and have been impacted by coronavirus (COVID-19), the 4th Self-Employment Income Support Scheme (SEISS) grant will be available to those eligible from this week (w/c 19 April 2021), and the online service for the fourth SEISS grant is now online HERE The grant covers the […]

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Furlough Scheme Extended until End of September

Taxfile — Wed, 03 Mar 2021 13:43:12 +0000

In The Chancellor’s 2021 budget speech it was announced that the furlough scheme would be extended until the end of September 2021, to protect the jobs and livelihoods of the UK population during the pandemic. The Government will pay employees 80% of the hours not worked through to the end of June 2021. As the […]

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Latest News on Gov. Grants, Support, Loans, Deadlines & More

Mark — Fri, 19 Feb 2021 14:12:34 +0000

Don't miss our latest newsletter. Published just this week, it includes several updates on the latest Government support for small businesses during the pandemic, including ...

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HMRC Extends the Self-Assessment Submission Deadline to 28th February BUT Payments still need to be made by 31st January

Taxfile — Tue, 26 Jan 2021 13:12:36 +0000

Yesterday HMRC made an 11th hour decision to give the remaining 3 million tax payers an additional 28-days to file their tax return electronically. For most, a submission after the 31st of January would have resulted in a £100 late filing penalty. With planning already underway at HMRC on how to cope with the administrative […]

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Taxfile Partners with Local Government to Offer Self Assessment Assistance

Taxfile — Fri, 08 Jan 2021 10:14:52 +0000

With the self-assessment tax deadline looming in the midst of a global pandemic and no announcement of an extension from the government (28 days would do), 5.4m* taxpayers (45%) still needing to submit a tax return before the 31st January and many of those are left feeling hopeless and helpless, unsure how to complete it […]

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Self Assessment Income Tax Returns 2019/20 – COVID Edition

Taxfile — Wed, 25 Nov 2020 13:22:23 +0000

To date there has been no change on the deadline to submit and pay your 2019/20 Self Assessment Income Tax return by 31st January 2021. In preparation for our busiest period in the year we have been doing everything to ensure both our offices and business practices are ready to cope with the changes […]

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