National Minimum Wage 2021

March 8th, 2021  |  Published in Uncategorized

The hourly rate for the minimum wage depends on your age and whether you’re an apprentice.

You must be at least:

  • school leaving age to get the National Minimum Wage
  • aged 25 to get the National Living Wage – the minimum wage will still apply for workers aged 24 and under

From 1 April 2021 the National Living Wage will apply if you’re aged 23 and over.

Current rates

These rates are for the National Living Wage (for those aged 25 and over) and the National Minimum Wage (for those of at least school leaving age). The rates change every April.

25 and over21 to 2418 to 20Under 18Apprentice
April 2020£8.72£8.20£6.45£4.55£4.15

Apprentices

Apprentices are entitled to the apprentice rate if they’re either:

  • aged under 19
  • aged 19 or over and in the first year of their apprenticeship

Example An apprentice aged 22 in the first year of their apprenticeship is entitled to a minimum hourly rate of £4.15.

Apprentices are entitled to the minimum wage for their age if they both:

  • are aged 19 or over
  • have completed the first year of their apprenticeship

Example An apprentice aged 22 who has completed the first year of their apprenticeship is entitled to a minimum hourly rate of £8.20.

Rates from 1 April 2021

These rates are for the National Living Wage (for those aged 23 and over) and the National Minimum Wage (for those of at least school leaving age) from 1 April 2021.

23 and over21 to 2218 to 20Under 18Apprentice
April 2021 (new rate)£8.91£8.36£6.56£4.62£4.30

Budget 2021

March 3rd, 2021  |  Published in Uncategorized

Extension to the Coronavirus Job Retention Scheme

The Coronavirus Job Retention Scheme (CJRS) has been extended until the end of September 2021.

The UK Government will continue to pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, up to the end of June 2021.

For periods in July, CJRS grants will cover 70% of employees’ usual wages for the hours not worked, up to a cap of £2,187.50. In August and September, this will then reduce to 60% of employees’ usual wages up to a cap of £1,875.

Employers will need to continue to pay their furloughed employees at least 80% of their usual wages for the hours they do not work during this time, up to a cap of £2,500 per month. This means, for periods between July and September, employers will need to fund the difference between this and the CJRS grants themselves. Employers can also top up wages above the 80% if they wish, but they are not required to do so.

Employers must also continue to pay the associated Employer National Insurance contributions and pension contributions on subsidised furlough pay from their own funds.

CJRS eligibility from May

For periods from 1‌‌ ‌May 2021 onwards, employers will be able to claim for eligible employees who were on employers’ PAYE payrolls on 2 March 2021. This means they must have made a PAYE Real Time Information (RTI) submission to HMRC between 20 March 2020 and 2 March 2021, notifying us of earnings for that employee.

You do not need to have benefitted from the scheme before to make a claim, as long as you meet the eligibility criteria.

For more information on the extension to the scheme and the support available, search ‘Job Retention Scheme’ on GOV‌‌‌.UK.

Check if you and employees are eligible and work out how much they can claim using our CJRS calculator and examples, by searching ‘Job Retention Scheme’ on GOV‌‌‌‌‌‌‌‌.UK.

Keep records that support the amount of CJRS grants you claim, in case HMRC need to check them.


Self-Employment Income Support Scheme – future grants confirmed

The UK Government has today announced that the Self-Employment Income Support Scheme (SEISS) will continue until September with a fourth and fifth grant.

The fourth and fifth grants will take into account submitted 2019-20 tax returns. This means you may be able to claim, even if you were not eligible for previous grants. You must have submitted your 2019-20 tax returns by 2 March 2021 to be eligible for the fourth and fifth grants.

Fourth SEISS grant

The UK Government will pay a taxable grant which is calculated based on 80% of three months’ average trading profits, paid out in a single payment and capped at £7,500 in total. The value of the grant is based on an average of trading profits for up to four tax years between 2016 to 2020, where available.

The grant will be available to claim from late April. As with previous grants, trading profits must be no more than £50,000 and at least equal to non-trading income in order to claim the fourth SEISS grant.

Eligibility for the fourth SEISS grant will also depend on whether you experienced a significant financial impact from coronavirus between February 2021 and April 2021.

As the calculation now takes into account the tax year 2019-20, clients who previously claimed SEISS grants may receive grants that are higher or lower in value than any previous SEISS payments they received.

HMRC have moved quickly to ensure they have the information we need to check customers’ eligibility before applications are open, while also protecting the SEISS from fraud. Where HMRC need to make further checks, they will write to customers and explain that they will call them to ask for proof of identity and evidence of trade.

Further details of the scheme can be found by searching ‘Self Employed Income Support Scheme’ on GOV‌‌‌.UK.

How you can claim the fourth SEISS grant

From mid-April, you will be given their personal claim date by HMRC which confirms the earliest date they can claim.

The online claims service for the fourth grant will be live from late April. This is to allow HMRC time to process recently submitted 2019-20 Self Assessment tax returns.

You must make their claim for the fourth grant between your personal claim date and 31‌‌ ‌May 2021 at the latest.

You will need to make an honest assessment that there has been a significant reduction in trading profits due to reduced demand or their inability to trade, and to keep appropriate records as evidence.

Fifth grant

The UK Government has also announced that there will be a fifth and final SEISS grant covering May to September. The amount of the fifth grant will be determined by how much your turnover has been reduced.

The grant will be worth 80% of three months’ average trading profits, capped at £7,500, for those with a higher reduction in turnover (30% or more). For those with a lower reduction in turnover, of less than 30%, then the grant will be worth 30% of three months average trading profits.

Your will be able to claim the fifth grant from late July if eligible. Further details will be provided on the fifth grant in due course.

Questions and answers on SEISS:

When will further guidance be available?

HMRC will publish more guidance in due course.

How will taxpayers receive their personal claim date?

HMRC will contact you from mid-April by email, letter or SMS, depending on the information provided previously.

What can customers do to prepare?

HMRC will send details of how to make a claim when they contact customers with their personal claim date.

In the meantime, to confirm eligibility and make a claim, customers should ensure they have the following to hand:

  • National Insurance number
  • Self Assessment Unique Taxpayer Reference (UTR)
  • Government Gateway user ID and password
  • bank account number and sort code.

Those claiming SEISS for the first time may be asked additional questions to prove their identity. These customers should be ready to answer questions about the following documents, which HMRC recommend they have to hand:

  • UK passport
  • credit file (such as loans, credit cards or mortgages)
  • Self Assessment tax return (within the last 3 years)
  • driving licence (DVLA UK or DVA NI)
  • tax credit claim
  • P60
  • three most recent payslips.

New Grants for Lockdown 3

January 6th, 2021  |  Published in Uncategorized

Chancellor Rishi Sunak has announced today a one-off grant worth up to £9,000 for businesses in retail, hospitality and leisure as part of a £4.6bn support package to help business through the latest national lockdown.

Businesses in retail, hospitality and leisure will be able to receive one-off grants up to £9,000 per business premises.

The announcement comes the morning after the prime minister imposed tough new lockdown measures which are likely to last until at least February half term.  

The one-off grant will be open to businesses in hospitality, retail and leisure forced to close their doors and the amount will be judged on the rateable value of the premises. 

  • £4,000 for businesses with a rateable value of £15,000 or under
  • £6,000 for businesses with a rateable value between £15,000 and £51,000
  • £9,000 for businesses with a rateable value of over £51,000

In addition, Sunak also rolled out a further £594m for local authorities and devolved administrations. These funds will support businesses not eligible for the one-off grant and those interested are encouraged to apply to their local authorities.  

Sunak recognised that the new strain of the virus presents a “huge challenge” and requires “swift action”, which is why they’re announcing “a further cash injection to support businesses and jobs until Spring”. 

“This will help businesses to get through the months ahead – and crucially it will help sustain jobs, so workers can be ready to return when they are able to reopen.”

Additional support

Today’s £4.6bn cash injection comes in addition to the already existing grants worth up to £3,000, the extension to the furlough scheme until April and the business lending schemes.

The last line of the government press release also highlighted an extension of the Self Employment Income Support Scheme, but no further details were given on that nor any support for those that don’t qualify for SEISS.

Devolved administrations will have their own pot to deliver grants and support, with Scotland receiving £275m and the Welsh government getting £227m.

This package of support will tide businesses over until 3 March when Sunak will “take stock of our wider support, and set out the next stage in our economic response”.

“The next few weeks are going to be difficult but we are vaccinating more and more people every day. So that’s why we are re-doubling our efforts to protect businesses, jobs and incomes,” said Sunak 

SEISS Grant part 3

November 25th, 2020  |  Published in Uncategorized

I have received the email below from HMRC. As with the first two payments, I cannot claim this on behalf of clients, so it is up to you to register, if a new claim, or use the log in details from the first two payments.

Note that the scheme will not be active until 30 November 202, so please don’t try and access it before then.

Full details of the third SEISS grant to support self-employed people affected by coronavirus (COVID-19) have been published on GOV‌‌.UK.  

The rules on who is eligible to claim have changed. However, your clients will still need to have submitted a Self Assessment tax return for the tax year 2018 to 2019 showing self-employment income in order to claim (unless one of the existing exceptions applies).  

The third grant, which offers 80% of three months’ average trading profits, paid out in a single taxable instalment capped at £7,500, will be available covering the period from 1 November 2020 to 29‌ ‌January 2021. Self-employed people who are eligible and in need of support will be able to claim the third grant at any time from 30‌ ‌November 2020 to 29‌ ‌January 2021.  

Help your clients get ready

  • Check who is eligible to claim as this is different to the previous SEISS grants. Go to GOV‌‌.UK and search for ‘Self Employment Income Support Scheme’. 
  • Be aware that, like SEISS 1 and 2, you cannot claim this grant on behalf of your clients; they must do so themselves. If you try to make a claim on a client’s behalf, it will trigger a fraud alert that will delay the payment. Applying online is quick and easy. Similar to the process for SEISS 1 and 2, it takes just 5 minutes and they can do it on a smartphone. 

Who is eligible 

To make a claim for the third grant, your clients must meet a number of conditions, and make an honest assessment about whether they reasonably believe their trading profits will be significantly reduced due to coronavirus.  

As previously, the third grant will also be subject to Income Tax and self-employed National Insurance and must also be reported on 2020 to 2021 Self Assessment tax returns.  

As before, to make a claim for the third grant, your clients must: 

  • be a self-employed individual or a member of a partnership. They cannot claim the grant if they trade through a limited company or a trust 
  • have traded in both the tax years 2018 to 2019 and 2019 to 2020.

For the third SEISS grant your clients must also: 

  • either be currently trading but are impacted by reduced activity, capacity or demand, or have been previously trading but are temporarily unable to do so due to coronavirus  
  • declare that they intend to continue to trade, and that they reasonably believe that the impact on their business will cause a significant reduction in their trading profits
  • only claim if the reduction in profits is caused by reduced business activity, capacity or demand, or inability to trade due to coronavirus – reduction in profits due to increased costs (such as having to buy masks) does not count for this purpose.  

When deciding whether the reduction is significant, your clients will need to consider their wider business circumstances.

We expect claimants to make an honest assessment about whether they reasonably believe their trading profits will be significantly reduced compared to what they would otherwise expect to achieve during this period. 

The business must have been impacted on or after 1 November 2020. Your clients must keep evidence to show the impact and reduction in their business activity across the qualifying period. 

More information 

For more information and examples to help you check eligibility to claim, go to GOV‌‌.UK and search for ‘Self Employment Income Support Scheme’. 

We’re contacting all self-employed people in the UK that may be eligible to let them know about the third grant.  

There will also be a fourth grant (covering the three-month period from Feb‌‌ruary 2021 to April 20‌‌21). We’ll tell you more about that nearer the time, including how much it will be and the rules for claiming. 

I hope this information helps you and your clients. We’ll continue to keep you updated on scheme developments. 

Yours faithfully

jharra

Jim Harra

Chief Executive and First Permanent Secretary – HMRC

Help during Lockdown 2

November 5th, 2020  |  Published in Uncategorized

This is from an email I got from HMRC, which covers the Furlough scheme as well as the revised Self Employed Scheme, which as before you have to apply for yourself. If anything isn’t clear, do get in touch.

Extension to the Coronavirus Job Retention Scheme – more information available

Today the Chancellor has announced that CJRS will be extended until the end of March‌‌‌ 2021 for all parts of the UK. For claim periods running to 31‌‌‌ January 2021, the UK Government will pay 80% of employees’ usual wages for hours not worked, up to a cap of £2,500 per month. The UK Government will review the policy in January to decide whether economic circumstances are improving enough to ask employers to contribute more.

It was also confirmed that the Job Retention Bonus will no longer be paid in Feb‌‌‌ruary 2021, as CJRS will be available at that time. An alternative retention incentive will be put in place at the appropriate time.

What you need to do now

If you or your clients intend to claim under the CJRS, please look at information published today on how you can check if you’re eligible to claim, and what you need to agree with your employees. You can find this on GOV‌‌‌.UK by searching ‘Extension to the Coronavirus Job Retention Scheme’.

This latest information applies for CJRS claim periods from 1 November 2020. The final date for claims for the period up to 31 October is still 30‌‌‌ November 2020.

The full guidance for claims from November onwards, including more information on how to calculate a claim, will be published on GOV‌‌‌.UK on Tuesday, and we’ll send you another update to confirm this. Claims can be made from 11‌‌‌ November 2020.

Self-Employment Income Support Scheme (SEISS) Grant Extension

Today the Chancellor announced that the UK Government is increasing the overall level of the next SEISS grant from 55% to 80% of trading profits.

This grant will cover a three-month period from the start of November until the end of January. The UK Government will pay a taxable grant which is based on 80% of three months’ average trading profits, paid out in a single instalment and capped at £7,500.

The SEISS Grant Extension will last for six months in total, from 1 November 2020 to 30‌‌‌ April 2021. A further grant will cover February to April, as grants will be paid in two lump sum instalments each covering a three-month period. The Government will set out further details, including the level of that grant, in due course.

Full details on checking if you or your clients are eligible for the current grant and how to claim will be published on GOV‌‌‌.UK week commencing 23‌‌‌ November.

Further support

Guidance and live webinars offering you more support on changes to CJRS and SEISS, and how they affect you or your clients, are available to book online – go to GOV‌‌‌.UK and search ‘help and support if your business is affected by coronavirus’.

Our phone lines and webchat remain very busy, so the quickest way to find the support you need is on GOV‌‌‌.UK. This will leave our phone lines and webchat service open for those who need them most.

Protect yourself from scams  

Stay vigilant about scams, which may mimic government messages as a way of appearing authentic. Search ‘scams’ on GOV‌‌‌‌‌.UK for information on how to recognise genuine HMRC contact. You can also forward suspicious emails claiming to be from HMRC to phishing@hmrc.gov.uk and texts to 60599.

Access the National Cyber Security Centre’s new guide on how to stay secure online and protect yourself or your business against cyber crime by searching ‘Cyber Aware’ on GOV‌‌‌‌‌.UK.

Covid winter rescue plan

September 25th, 2020  |  Published in Uncategorized

The current furlough scheme will end on 31 October, and the job support scheme comes into effect on 1 November, with the same aim of keeping employees working in real jobs for as long as possible. 

The job support scheme can apply to any employee who was on the payroll on 23 September 2020, so it is not restricted to employees who were furloughed at some point between March and October.

To qualify for job support, the employee must work for at least one-third of their usual hours and the employer must pay for all those hours, presumably at the employees’ usual rate, but this is not clear.

Of the employee’s “resting” hours the Government and employer must each pay one-third of the employee’s usual wage rate, see graphic. It should work out that the employer pays 55% of the employee’s wages for one-third of their normal working time.

The government’s contribution is capped at 22% of usual wages and £697.22 per month

Job support scheme graphic

The employer will bear the cost of the employer’s NI and pension contributions on all the employee’s pay.

There will be no restrictions for small and medium-sized businesses who want to use the job support scheme. However, large employers (as yet undefined), will have to show that their business has been adversely affected before they can use the job support scheme. Larger employers will also be banned from paying dividends to shareholders, or using share buy-back schemes, while they are using the job support scheme.

Employers who use the job support scheme will also be able to claim the coronavirus job retention bonus scheme for employees who qualify.

Further SEISS grants

The second SEISS grant, which closes for applications on 19 October was supposed to be the final grant for the self-employed.

But the Chancellor made it clear that a third SEISS grant will be available to cover 20% of average monthly profits for three months, for those who were eligible for the first and second SEISS grants. This will be capped at £1,875 per taxpayer. It is not clear when applications will open or close for this grant.  

In addition, a fourth SIESS grant will be made available for the three months to cover February to April 2021.

Local lockdown grant

September 11th, 2020  |  Published in Uncategorized

New grants worth up to £1,500 will be available every three weeks to businesses required to close due to local lockdowns or targeted restrictions.

Source: Accountingweb.co.uk

The new grants come as the government locks down areas such as Bolton, which have seen localised spikes in coronavirus and new rules on gatherings over six people. This means the effected businesses in England will be able to claim up to £1,500 per property every three weeks, while smaller businesses can claim £1,000.  

Announcing the news in Parliament yesterday, chief secretary to the Treasury Steve Barclay said: “These grants provide businesses with a safety net as they temporarily close their doors to help save lives in their local areas.”

The scheme is currently under trial in Blackburn with Darwen, Pendle, and Oldham, before rolling out to other local authorities.

The scheme is basing the size of the business on the rateable value of its premises. A business classed as small with a rateable value less than £51,000, or pays annual rent or mortgage of less than that amount, would receive £1,000. Any business that has a rateable value or mortgage payments more than £51,000 will receive £1,500. Like the other grants, these payments will also be treated as taxable income.

However, the scheme is not designed to support businesses that have closed at a national level, such as nightclubs – it’s specifically for businesses affected by local lockdowns or restrictions.

The local authorities will distribute grants to businesses and they will also have authority to implement further eligibility criteria.

These grants target businesses on the business rates list, which is why local authorities also have an additional 5% top up amount of support funding to aid other businesses hit by these local restrictions. The grants offered from this discretionary fund almost are worth up to £1,500. But unlike the scheme based on the rateable value, funding may be less than £1000 in some cases.

These localised grants are the latest in a whole raft of grants and measures announced since the number of coronavirus infections spiked in the UK. Some of these measures have included year-long business rates holiday for 2020-21 and targeted support for specific sectors such as the VAT cut for the hospitality sector, a grant that funds businesses to access specialist professional advice.

Self Employed Income Support Second Payment

August 18th, 2020  |  Published in Uncategorized

From 17 August the Self-Employment Income Support Scheme will open for claims for a second and final grant.

You will be able to claim at any time from 17 August until the scheme closes on 19 October. Please do not try to claim before this date as you will not be able to access the service online or over the phone.

The eligibility criteria remain the same as for the first grant. You will need to confirm your business has been adversely affected by coronavirus (COVID-19) at any time since 14 July.

This typically means that your business has experienced lower income and/or higher costs because of coronavirus (COVID-19) at any time since 14 July.

As the person who knows your business best, HMRC expect you to make an honest assessment about whether it has been adversely affected. There is no minimum threshold over which your business’s income or costs need to have changed. You will need to keep a record of evidence of how your business has been adversely affected.

For full details visit GOV.UK and search ‘Self-Employment Income Support Scheme’.

The second taxable grant is worth 70 per cent of your average monthly trading profits, paid out in a single instalment. This will be based on three months’ worth of profits and capped at £6,570.

How to claim

Search GOV.UK for ‘Self-Employment Income Support Scheme’. Claiming online is the quickest and easiest way to get your grant.

Like the first grant, you’ll need the following to confirm your eligibility and make your claim:

  1. National Insurance number – if you don’t know this, go to the HMRC app, your online tax account or ask me.
  2. Self-Assessment Unique Taxpayer Reference (UTR) number – you can find this on your Self-Assessment papers or from me.
  3. Government Gateway user ID and password – if you don’t have an account, or have forgotten your details, follow the instructions on GOV.UK by searching for the ‘self-employment income support scheme’. Please check your contact details are correct in your Government Gateway account.
  4. Your bank account number and sort code. For a building society account, please include the roll number if you have one.

HMRC will also ask for the address your bank or building society account is registered to. Please note this is your address, most likely your home or business premises – not the address of your bank or building society.

They will use the information you have provided in your previous tax returns to calculate the grant you’re entitled to.

Once you have completed your claim and HMRC have verified it, they’ll pay the money directly into your bank account within six working days.

Support with your claim

It’s important that you make this claim yourself, although you can ask a friend, family member, accountant or tax agent to help you. Please don’t pass on any of your information to people who offer to make a claim on your behalf. That will lead to delays in your payment.

Please claim online. It’s quicker and easier than by phone and only takes 5 minutes using your Government Gateway account. It also means we can use our phone lines to support people who aren’t able to go online to make their claim. Please only call us if you cannot find the support you need on GOV.UK or our webchat service – this will leave our lines open for those who need our help most.

A word about scams

We are aware of an increase in scam emails, calls and texts. If someone gets in touch claiming to be from HMRC, saying that financial help can be claimed or that a tax refund is owed, and asks you to click on a link or to give information such as your name, credit card or bank details, please do not respond.

COVID UPDATE

August 6th, 2020  |  Published in Uncategorized

I’ve had an email from HMRC about the job retention bonus, basically a £1,000 bribe not to bin your staff before January. Also there are changes to the CJRS as they start to wind it down, you have to contribute more to the payroll bill.

If you claimed the Self Employed Income Support, and are still affected by COVID, you can claim a second payment, using the same login that you had to make before, from 17 August. Last time you got 80% of 3 months income, this time its 70%, so you get 7/8 of what you received last time. It will be taxed as income when the year’s Self Assessment goes in. I can’t do it for you, but ring me if you are stuck.

Full text of HMRC’s email below:

We’re writing to let you know that we have published additional information on the Job Retention Bonus, including details on how to check which employers and employees are eligible and what you or your clients need to do now to get ready to claim.

You can find this by going to GOV‌.UK and searching ‘Job Retention Bonus – Policy Statement’.

Job Retention Bonus

Employers will be able to claim a one-off payment of £1,000 for every employee they have previously received a grant for under the Coronavirus Job Retention Scheme (CJRS) and who remains continuously employed through to the end of Ja‌nu‌ar‌y 2021.

To be eligible, the employee must have received earnings in November, December and January, and must have been paid an average of at least £520 per month, and a total of at least £1,560 across the three months.

As the employer, you or your clients will be able to claim the bonus after you have filed PAYE information for Ja‌nu‌ar‌y 2021, and the bonus will be paid from Fe‌br‌ua‌ry 2021. More detailed guidance, including how employers can claim the bonus online will be available by the end of September.

What you or your clients need to do now

If you or your clients intend to claim the Job Retention Bonus, you must:

  • ensure all employee records are up to date
  • accurately report employees’ details and wages on the Full Payment Submission (FPS) through the Real Time Information (RTI) reporting system
  • make sure all of your CJRS claims have been accurately submitted and you have told us about any changes needed (for example if you’ve received too much or too little).

Reminder of changes to CJRS

From 1 Au‌gu‌st 2020 CJRS continue to provide grants for furloughed employees but no longer funds employers’ National Insurance (NI) and pensions contributions. Employers now have to make these payments from their own resources for all employees, whether furloughed or not. Our guidance has been updated to reflect these changes.

Further guidance and live webinars offering more support on changes to the scheme and how they impact you are available to book online – go to GOV‌.UK and search ‘help and support if your business is affected by coronavirus’. 

Please only contact us if you can’t find the information you need from GOV‌.UK. This will leave our phone lines and webchat service open for those who need them most. 

Making sure your data is right

It’s important that you or your clients provide the data we need to process your claim. Payment of your grant may be at risk or delayed if you submit a claim that is incomplete or incorrect. We may be in touch to request employee data if it’s missing from your previous claims.

National Insurance numbers

Employers need to provide a National Insurance number (NINO) for all employees as part of their CJRS claim. The only exception is in the very limited circumstances where an employee genuinely does not have a NINO, for example if they are under 16 years old.

If you are claiming for an employee whose NINO you don’t currently know, you can check their number by searching GOV.UK for ‘Check a National Insurance Number using basic PAYE Tool’.

We can no longer accept claims for fewer than 100 employees by phone where employers do not have all employee NINO’s unless the employees they are claiming for genuinely do not have these.

Claimed too much in error?

If you or your clients have claimed too much for a CJRS grant and have not repaid it, you must notify us and repay the money by the latest of whichever date applies below:

  • 90 days after receiving the CJRS money you’re not entitled to
  • 90 days from when circumstances changed so that you were no longer entitled to keep the CJRS grant
  • 20 Oc‌to‌be‌r 2020 if you received CJRS money you’re not entitled to, or if your circumstances changed on or before 22 J‌ul‌y.

If you do not do this, you or your clients may have to pay a penalty. We do understand mistakes happen, particularly in these challenging times, and will not seek out innocent errors and small mistakes for compliance action. We will act, however, against anyone who deliberately sets out to defraud the system or claims money they aren’t entitled to.

How to let us know about claiming too much

If you or your clients have received more than you are entitled to, you can let us know as part of your next online claim without needing to call us – the system will prompt you to add details on if you have received too much. For more information, search for ‘if you claim too much or not enough from the Coronavirus Job Retention Scheme’ on GOV‌.UK.

If you or your clients received too much and do not plan to submit further claims – or you have claimed less than you were entitled to – please contact us by searching ‘Contact HMRC’ on GOV‌.UK.

Protect yourself from scams  

Stay vigilant about scams, which may mimic government messages as a way of appearing authentic and unthreatening. Search ‘scams’ on GOV‌.UK for information on how to recognise genuine HMRC contact. You can also forward suspicious emails claiming to be from HMRC to phishing@hmrc.gov.uk and texts to 60599.  

I hope this information helps you and your business, and we’ll continue to keep you updated on scheme developments over the coming weeks.  

Yours faithfully

jharra

Jim Harra

Chief Executive and Permanent Secretary – HMRC

Capital Gains Tax on homes – 30 days to pay

June 30th, 2020  |  Published in Uncategorized

If you sell a house you aren’t now living in, such as a home you are letting, and you make a profit, there is potentially capital gains tax to pay. New rules apply from 6 April 2020 – you now have 30 days to report the gain and pay the tax. In the past you just waited until that year’s self assessment return went in.

Apparently the new procedure is a bit of a nightmare – you have to set up or use your personal Government Gateway account (if you claimed SEISS you will have already had to do this), get a claim number, then authorise me to make the report. This could take the whole 30 days, so if you sell a property you need to get on with it!

Considering that the idea was to streamline the payment and get it in quickly, why they have to make it so difficult beats me.

You can do it yourself, in theory, and save time, follow this link for more details.

https://www.tax.service.gov.uk/capital-gains-tax-uk-property/start/report-pay-capital-gains-tax-uk-property?