Fourth self-employed grant now open for online applications
Posted on Wednesday, May 5th, 2021
On 21 April, the online service for applications for the fourth Self-employment Income Support Scheme (SEISS) grant was opened for claims, HMRC confirmed. All applications must be submitted by the individual self-employed worker and cannot be handled... Read Full Article...
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Recovery Loan Scheme opens to businesses
Posted on Wednesday, May 5th, 2021
On 6 April, the Recovery Loan Scheme (RLS) was introduced to replace the government’s coronavirus lending schemes. The RLS provides financial support to businesses affected by the COVID-19 pandemic. The scheme gives lenders a guarantee of 80%... Read Full Article...
Recent changes to IR35 ‘undermine the self-employed’, says IPSE
Posted on Wednesday, May 5th, 2021
The Association of Independent Professionals and the Self-Employed (IPSE) has stated that the recent changes to the rules relating to off-payroll workers, commonly known as IR35, ‘undermine the self-employed at the worst possible time’. The changes to... Read Full Article...
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CBI calls for extension of Kickstart Scheme as jobs market remains subdued
Posted on Wednesday, May 5th, 2021
The Confederation of British Industry (CBI) has urged the government to extend the Kickstart Scheme to help young people who are bearing the brunt of the subdued job market. The Kickstart Scheme was launched in September and... Read Full Article...
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New 95% mortgage scheme launched
Posted on Wednesday, May 5th, 2021
On 19 April, a government-backed mortgage scheme to help people with 5% deposits get on to the housing ladder was made available to lenders. First announced at the 2021 Budget, the scheme will help first-time buyers or... Read Full Article...
New claims required for home working tax relief
Posted on Wednesday, May 5th, 2021
Employees who are working from home will need to make new claims for tax relief for the 2021/22 tax year, HMRC has stated. From 6 April 2020, employers have been able to pay employees up to £6... Read Full Article...
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HMRC sets out penalty regime for SEISS abuse
Posted on Wednesday, May 5th, 2021
The fourth Self-Employed Income Support Scheme (SEISS) grant is now live and HMRC has set out the penalties for abuse of the scheme. An overclaimed SEISS grant includes any amount of grant which the self-employed individual was... Read Full Article...
Pension fraud increased to £1.8 million in first quarter of 2021
Posted on Wednesday, May 5th, 2021
Losses from pension fraud rose to £1.8 million in the first three months of this year, according to figures from Action Fraud. 107 reports of pension fraud were made in the first quarter of 2021, an increase... Read Full Article...
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