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Businesses which have cancelled their direct debit in order to defer VAT payments, are reminded to set up a new one soon. Failure to get a direct debit set up in time could result in the business paying their VAT bill late - and ultimately result in a penalty charge.
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At least 50,000 disabled people who became self-employed last year are missing out on government support during Coronavirus, according to recent research.
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A Treasury Committee report has recommended that the Government provides greater financial help to freelancers, who have been left behind by the Government's suite of support measures for Covid.
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A tax advisory body is concerned that recipients of the Government’s Self-Employed Income Support Scheme (SEISS) grant might not realise that it is taxable.
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One in five highly skilled freelancers expect to close their business because of the COVID-19 crisis, accord to a recent survey. This is the group which has fallen through the cracks of the various Government support schemes to help the self-employed and employees.
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The Chancellor has extended the Coronavirus Self-Employment Income Support Scheme (SEISS), but freelancer groups claim that hundreds of thousands of contractors are still being ignored.
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Freelancer and self-employed group, IPSE, has written a letter to the Chancellor, Rishi Sunak, urging him to extend the Self-Employment Income Support Scheme while the self-employed need it.
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Following the second reading of the Immigration Bill in Parliament which paves the way for a points-based immigration system, agency group, APSCo, has called for a dedicated visa route for independent professionals.
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The Government is being urged to extend the Self-Employment Income Support Scheme for as long as the self-employed need it.
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The Low Incomes Tax Reform Group (LITRG) is warning owners of newly formed limited companies that it is unlikely they are eligible for the Self Employed Income Support Scheme (SEISS) grant – even if HMRC contact them and the eligibility checker says they may qualify. This comes as HMRC contact people inviting them to check their eligibility and claim for the SEISS grant.
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