Category: COVID-19
Over a million take advantage of extra time to file self assessment returns
Posted on March 25, 2022 | Coronavirus | COVID-19 | Self Employment | Tax
HMRC has revealed that more than one million taxpayers filed their late tax returns in February – taking advantage of the extra time to complete …
Businesses urged to apply for remaining COVID-19 support grants
Posted on March 16, 2022 | Coronavirus | COVID-19
Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities.
Hospitality, leisure and accommodation businesses can still apply for one-off cash …
Coronavirus SSP Rebate Scheme set to close on 17 March
Posted on March 14, 2022 | Coronavirus | COVID-19
The Statutory Sick Pay Rebate Scheme (SSPRS) will close on 17 March 2022.
The SSPRS was reintroduced by the government on 21 December 2021 for employers with fewer …
Claims portal reopens for Statutory Sick Pay Rebate Scheme
Posted on February 21, 2022 | Coronavirus | COVID-19
HMRC has reopened a claims portal for small employers to again claim refunds for coronavirus (COVID-19)-related sick pay.
The reopening follows the announcement of the reintroduction …
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 …
£800 million Reinsurance Scheme opens for live events
Posted on October 28, 2021 | Coronavirus | COVID-19 | Economy | Legislation Changes
The government has opened a £800 million Reinsurance Scheme to cover live events against cancellations stemming from the COVID-19 pandemic.
The live events sector is worth …
COVID-19 sick pay rebate scheme closed in September
Posted on October 27, 2021 | Coronavirus | COVID-19 | Employment | Legislation Changes
The government's scheme that enables small businesses to recoup statutory sick pay costs caused by COVID-19 closed at the end of September.
Legislation ending the Coronavirus …