Norton Bridges & Co. Limited - CIS Specialist Accountants

08/01/2025

The 2024 self assessment countdown is on. You must file your return with HMRC before the 31st Jan (3 weeks Friday). Failure to do so will result in a £100 fine. Unsure if you are required to do one? Or if you know yours is still outstanding, call us today on 02084248464

30/11/2020

Third grant is now set up and in place for the self employed.
NEW CRITERIA - important you read the new guidance / eligibility to see if you qualify. please visit HMRC for more details.
Must make the claim by the 29th Jan 2021

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

02/11/2020

Please see latest details outlined by Rishi Sunak below.
An additional grant will be available towards the end of November. Please see link to HMRCs website for more information.

We're increasing the support to the self-employed from 40% of trading profits to 80% for November.

SEISS is calculated over 3 months so this increases the total grant from 40% to 55% of trading profits for November to January and the max grant increases to £5,160.

Grants will also be paid faster than previously planned – with the claims window opening at the end of November rather than the middle of December.

The increase means £4.5bn of support for the self-employed between November and January.

Read more: https://www.gov.uk/government/news/government-increases-support-for-self-employed-across-the-uk

16/10/2020

Reminder that the second application for the SEISS Grant closes on Monday 19th October. Any issues/queries please give us a call on 020 8424 8464

17/08/2020

SEISS - Grant 2 Claims are now available online with HMRC. Same process as first time round. Reminder you must make your own claim as we are unable to do it for you. Any problems, please call the office on 020 8424 8464

07/07/2020

HMRC COVID-19 SEISS Grant Update
Self employed income support scheme - first grant deadline is 13th July 2020

26/06/2020

If you’re eligible and your business has been adversely affected you must make your claim for the first grant on or before 13 July 2020.
https://www.tax.service.gov.uk/self-employment-support/enter-unique-taxpayer-reference

29/05/2020

News in - SEISS COVID-19 extension announced by the Government today. However, still disappointing that there is no news / support on the newly self-employed. A lot of old clients who have gone on to form Limited companies and run small businesses, pay themselves in dividends also seem to be missing out on the governments support package. Full article will be on our website early next week

04/05/2020

MONDAY 4th MAY 2020

Self-employed invited to get ready to make their claims for coronavirus (COVID-19) support

HMRC will begin contacting customers who may be eligible for the government’s Self-Employment Income Support Scheme (SEISS).

Please see link for additional information
https://www.gov.uk/government/news/self-employed-invited-to-get-ready-to-make-their-claims-for-coronavirus-covid-19-support

01/04/2020

Support for the Self Employed - FAQs
Please visit our site to see the answers to the common questions we have had over the last 10 days
Please remember - you do not need to do anything and HMRC will contact you if you are eligible for the scheme.

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27/03/2020

Support For Self Employed

Loads of calls and messages coming in regarding this. Please see our website for more information. A few items / queries still remain unclear and we are doing our best to find out the answers and will update the website as and when. Make sure you and your families are all safe. Thanks for your patience during these tough times.

A summary of the announcement this evening by the Chancellor of the Governments support for the self-employed is as listed below. The assistance will take the…

26/03/2020

Our take on the Self Employment summary from today

- A taxable grant will be awarded and will be calculated by reference to an average of your self employed earnings for the three years to the 5th April 2019.
- Maximum will be 80% of profits up to £2500 a month
- Not eligible if over £50k earnings per annum
- Must have filed a self assessment return for 2018/19 (if not have a 4 week window to file from today)
- Payment will be made in June which will be backdated for 3 months.
- You can still keep working, if allowed
- Its a taxable grant, not a loan.
- HMRC will contact you directly and there is no action you need take before that, other than ensuring your tax returns are up to date
- Initially for 3 months - potentially to be extended
- Anti fraud measures will be introduced – details to follow
- Immediate Financial Issues - please go through Universal Credit channels – 0800 328 5644

Unanswered Questions – which will be extended
- Not clear on those that started self employment in the 19/20 tax year- awaiting further information
- Not know how they will do calculations consisting of a mix of self employment and employment in a tax year – awaiting information
- Not sure how capital allowances will be treated