In an extraordinary measure to help its community, Wandsworth council has set up a Tax Return Support Scheme for those needing to do a 2018/19 tax return in order to qualify for the Self-employment Income Support Scheme (SEISS).
In response to COVID-19, SEISS will provide direct cash grants worth 80% of trading profits up to a maximum of £2,500 per month for self-employed individuals with profits of less than £50,000 per annum. To be eligible for this scheme, you will need to have submitted your tax returns for 2018-19 by the extended deadline of Thursday 23 April.
To assist the community captured by Wandsworth council, the scheme is to help members submit tax returns when they otherwise might not have been in a position to do so.
At Taxfile we are delighted to be considered as one of their ‘local accountants’ who will advise and assist residents to complete their 2018/19 tax returns. This service is provided by Wandsworth council for FREE, as the council covers the cost.
The submissions need to be sent to HMRC by no later than 23/04/20, so the council has placed a cut-off date 17/04/2020 to take advantage of their free support.
To be eligible for Wandsworth council’s Tax return Support Scheme you must;
- Be a Wandsworth resident
- Be self-employed (sole trader, freelancer or CIS contractor)
- Have a Unique Tax Reference number (UTR)
- Have made a profit of less than £50,000 or less in the 2018/19 tax year
- Not yet have submitted your 2018/19 tax return
- Not be a director of your own limited company
If you qualify you can apply by visiting Wandsworth council’s site HERE.
If you would like any advice, we offer a free 20-minute consultation, please call us on 020 8761 8000.