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 | 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 | CJRS, COVID-19
As the Coronavirus Job Retention Scheme (CJRS) enters its final months, now is the time to review grants that you have claimed under the scheme, and pay back any amounts claimed in error. You may also choose to repay voluntarily funding that you have received under... 
by VelocityAS | Apr 6, 2021 | Budget 2021, Business, CJRS, COVID-19
The Coronavirus Job Retention Scheme (CJRS) has provided a lifeline for many employers and employees during the COVID-19 pandemic. The scheme was due to come to an end on 30 April 2021. However, at the time of the 2021 Budget, the Chancellor, Rishi Sunak, announced... 
by VelocityAS | Feb 1, 2021 | Business, CJRS, COVID-19
The Coronavirus Job Retention Scheme (CJRS) provides grant support to enable employers to continue to pay staff who are fully or flexibly furloughed. The scheme can be used for staff who have been furloughed because they have caring responsibilities. School closures...