Claiming the second grant under the SEISS

Claiming the second grant under the SEISS

Claims for the second grant under the Self-Employment Income Support Scheme (SEISS) can be made from today, the 17th of August 2020 onwards. Who can claim? A self-employed individual or member of a partnership who meets the eligibility criteria and whose business has...
Hardship loans to employees

Hardship loans to employees

To help employees out during the Covid-19 pandemic, employers may provide ‘hardship’ loans to employees. Where loans are provided, what are the tax implications? No special rules There are no special relaxations to deal with loans provided to help employees meet...
Reasonable excuse – does coronavirus count?

Reasonable excuse – does coronavirus count?

HMRC may allow an appeal against a penalty if the taxpayer has a ‘reasonable excuse’ for why, say, they filed a return late or paid their tax late. A ‘reasonable excuse’ is something that prevented a taxpayer from meeting a tax obligation despite the fact that they...
Tax implications of Covid-19 support payments

Tax implications of Covid-19 support payments

Various Covid-19 support payments are available to individuals and businesses to help mitigate the effects of the Covid-19 pandemic. Are the payments taxable and how should they be treated? Payments under the Coronavirus Job Retention Scheme? Grants payments made...
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COVID 19 useful Information