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self employed

Time to Pay and VAT Deferral

Posted: 11th Dec 2020 by Clair Watmore Blog

Income Tax As part of the government’s support package for Covid-19 pandemic, Self Assessment payments on account that were due 31 July 2020 could be deferred to January 2021. In the Winter Economy Plan it was announced that taxpayers with up to £30,000 of Self-Assessment liabilities due on 31 January 2021 could make payment in… Read more

Extended Self-Employment Income Support Scheme and Government-backed loans

Posted: 5th Nov 2020 by Clair Watmore Blog

The Government has announced it will extend existing support measures to help businesses and the self-employed business community in the weeks ahead. As part of its latest support package, the Self-Employment Income Support Scheme (SEISS) and the various Government-backed loans, including the Bounce Back Loan, Coronavirus Business Interruption Loan and Future Fund, will see further… Read more

Government Winter Economy Plan

Posted: 28th Sep 2020 by Clair Watmore Blog

On Thursday 24 September the Chancellor delivered his “Winter Economy Plan”, in lieu of the Autumn Budget which has been cancelled. This is not surprising, given that it is difficult for anyone, individuals, businesses, or countries to budget at the moment. His plan was very much business focused, and the main announcements are detailed below: Job… Read more

Self-employment Income Support Scheme (SEISS)

Posted: 7th May 2020 by Clair Watmore Blog

The scheme the Chancellor has announced is expected to cover around 95% of current self-employed business people, but there are a number of self-employed who will not be covered. Who can claim You can claim if you’re a self-employed individual or a member of a partnership and: you traded in the tax year 2018 to… Read more

Support for self employed business owners

Posted: 27th Mar 2020 by Clair Watmore Blog

The Chancellor Rishi Sunak has finally announced the measures the UK Government is to take, to help self-employed business people cope with the financial impact of the Coronavirus. This comes a week after the financial assistance package for employed workers was announced, but clearly any scheme to help the self-employed was bound to be more… Read more