by Pink Accounts | 11 Mar, 2021 | COVID: Help for Individuals, COVID: Help for Sole Traders
The Self-Employment Income Support Scheme (SEISS) is a temporary scheme set up by the government to support self-employed individuals during COVID19. What is the Self-employment Income Support Scheme (SEISS)? The SEISS could be described as the self-employed version...
by Pink Accounts | 4 Mar, 2021 | COVID: Help for Businesses, COVID: Help for Individuals, COVID: Help for Sole Traders
As part of the 2021 Budget, Rishi Sunak has announced further support for employers and the self-employed. This includes extending, furlough until September 2021, launching a ,Help to Grow scheme aimed at small business and extending self-employed COVID19 financial...
by Pink Accounts | 10 Feb, 2021 | COVID: Help for Businesses, COVID: Help for Individuals, COVID: Help for Sole Traders
HMRC has issued guidance on paying deferred VAT. If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full on or before 31 March 2021 opt into the VAT deferral new payment scheme which opens on 23rd...
by Pink Accounts | 10 Feb, 2021 | COVID: Help for Businesses, COVID: Help for Sole Traders
The VAT deferral new payment scheme will be open from 23 February up to and including 21 June 2021 The Government allowed companies affected by COVID19 to defer the VAT due on any returns for quarters ending February 2020, March 2020 or April 2020. Originally, the...
by Pink Accounts | 20 Jan, 2021 | COVID: Help for Individuals, COVID: Help for Sole Traders
The Self-Employment Income Support Scheme (SEISS) is currently accepting applications for the third self-employed grant, which is worth 80% of average monthly trading profits, capped at £7,500 in total. The Self-Employment Income Support Scheme is made up of four...
by Pink Accounts | 14 Jan, 2021 | COVID: Help for Sole Traders
From 1 March 2021, new ‘Reverse-Charge VAT Accounting’ rules will apply to all qualifying supplies made on or after that date. This will mean that: Suppliers of goods or services will no longer be involved in the payment of VAT to HMRC. The liability for...
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