Category: COVID-19

Self assessment taxpayers must declare COVID grants on tax returns

Posted on January 19, 2022 | Coronavirus | COVID-19 | Self Employment | Tax
HMRC has reminded self assessment taxpayers to declare any COVID-19 grant payments on their 2020/21 tax return. According to HMRC, more than 2.7 million customers claimed …

Three-day wait for Statutory Sick Pay to return next year

Posted on December 13, 2021 | Coronavirus | COVID-19 | Employment | Legislation Changes
The standard three-day waiting time for Statutory Sick Pay (SSP) will be reinstated for coronavirus (COVID-19)-related claims from 25 March 2022, unless the government intervenes. Under …

HMRC’s tax take falls by billions due to pandemic

Posted on December 6, 2021 | Coronavirus | COVID-19 | Economy | Tax
HMRC saw a drop of almost £30 billion in tax revenues in the latest financial year because of the pandemic, according to its annual accounts. In …

British Business Bank provided £80.5 billion of COVID-19 support

Posted on November 1, 2021 | Coronavirus | COVID-19 | Economy
COVID-19 emergency finance schemes offered £80.5 billion of finance to almost 1.7 million businesses through the British Business Bank (BBB) during the last financial year. This …