by VelocityAS | Feb 1, 2022 | Accounting, CJRS, COVID-19, Finance, HMRC, income, SEISS, Self Assessment, Tax
Millions of taxpayers who are yet to submit their completed Self-Assessment tax return which is due before January 31 are being given a grace period to file until February 28. More than 12.2 million customers are expected to complete a tax return for the 2020/21 tax... 
by VelocityAS | Jan 4, 2022 | Accounting, Dividends, Employment, HMRC, income, SEISS, Self Assessment, Tax, Tax Relief
If you need to file a self-assessment tax return for the year to 5 April 2021, you have until midnight on 31 January 2022 to file your return if you have not already done so. You must also pay any tax that you owe for 2020/21 by the same date. Do I need to file a... 
by VelocityAS | Aug 2, 2021 | Business, COVID-19, HMRC, SEISS
If you have received one or more grants under the Self-Employment Income Support Scheme (SEISS), it is important that you report the payments correctly on your tax return. 2020/21 self-assessment tax return SEISS grants that were received in the 2020/21 tax year... 
by VelocityAS | Jul 2, 2021 | Business, COVID-19, HMRC, income, SEISS
Claims for the fifth grant under the Self-Employment Income Support Scheme (SEISS) will open from late July. If, based on your tax returns, HMRC think that you are eligible for the grant, they will contact you in mid-July and give you a date from which you can submit... 
by VelocityAS | Apr 6, 2021 | COVID-19, HMRC, income, SEISS, Self Assessment, Tax
The Self-Employment Income Support Scheme (SEISS) provides grant support to eligible self-employed taxpayers who have been adversely affected by the COVID-19 pandemic. A further two grants are to be paid under the scheme. In addition, the scheme has been expanded to... 
by VelocityAS | Dec 2, 2020 | Business, COVID-19, SEISS
The Self-Employment Income Support Scheme (SEIS) will now run until 30 April 2021, providing two further grants – one for the three months from 1 November 2020 to 31 January 2021 and one for the three months from 1 February 2021 to 30 April 2021. Since the extension...