Fourth SEISS grant

Self-employed individuals will be able to apply for the fourth SEISS grant from late April if they submitted their tax return for 2019-20 by midnight on 2 March 2021 (it was due by 31 January 2021). HMRC has asked for additional evidence from two categories of...

Budget 2021 Corporation tax complexity

The Chancellor announced that taxes would have to rise, but not quite yet, as all tax rates except for VAT are frozen for 2021-22. Large companies will then see their corporation tax rate rise from 19% to 25% from 1 April 2023. Companies making no more than £50,000...

TAX DEADLINE – 31 JANUARY 2021

The most pressing tax deadline for now is the main filing and payment deadline, of 31 January. This date marks the final day for you to file your 19/20 self-assessment tax return, and settle your tax for that period. If applicable, you will also need to pay the first...