Harts CHARTERED ACCOUNTANTS

Coronavirus Business & Individuals Support Update

25th Jan
Self Employed

We would like to make you aware of a number of recent changes to the government’s coronavirus business support schemes.

Local Authority Grants Eligibility Check for Coronavirus Financial Support

The government website now has a facility for you, to be able to answer some basic questions in order to tailor the support packages available for your business. It is worth taking a few minutes to complete this in order to ensure you have accessed all support. Please note the question regarding self-employment relates to businesses operating as a sole trader or partnership, not a limited company.

Eligibility Guide

Local Authority Grants

Please note there are various grants that are being issued by local authorities. One of the latest grants announced relates to closed businesses, this is explained in more detail via the link below. We have provided two local authorities’ website links for you to be able to apply, dependent on the area your business operates.

Self assessment time to pay

The deadline for submission of self-assessment tax returns is fast approaching. Although the deadline for submission has not been extended, late submission penalties have now been relaxed. There is a time to pay facility that can be applied for online. If your liability is below £30,000, you may be able to use this facility to pay in monthly instalments. If the liability is above you will need to contact HMRC directly to discuss this further on 0300 2003822.

It is important to ensure you submit your tax return and then you can apply for a time to pay facility, which must be requested within 60 days of the 31st January.

Click for more information on Covid Related Difficulties paying HMRC

Various deadlines to be aware of

  • Self-employed grant deadline 29 January 2021 – The third grant must be claimed by the 29 January 2021. There will be a fourth grant covering the period from February to April 2021, details of which will be issued shortly. More details
  • Furlough claims deadline 14th of the following month – The coronavirus job retention scheme (furlough scheme) is currently in place until the 30 April 2021. Claims must be made monthly before the 14th of the following month that the claim relates to. More details

Deferred VAT due 31 March 2021 – time to pay

The deferred VAT from 20 March to 30 June 2020 was due to be paid by 31 March 2021. A scheme is about to be launched to enable the liability to be spread in instalments but must be paid by March 2022. More details

Webinar: Using social media in business

Join us at our next webinar on Wednesday 27th January 2021
from 9.30-10.15am

In this webinar we look at how using Social Media channels as part of your marketing activity can help grow your business during lockdown 3 (and beyond).

Our guest presenter is Helen Stott of Marketing Doris, she will be sharing tips on how to develop your connection networks and providing advice on what content to share, and when. We hope you can make it. Free to attend, click to book now

Visit our YouTube page to catch up on all the previous webinars.

Cheadle Office is now Open

Our Cheadle office is now open with restricted hours, please contact us before visiting.

However, Macclesfield Office remains open normal hours.

Get in Touch

Call or email us at Harts if you have any queries about topics covered above or to find out more about our services at Harts, call us on 01625 669669 or email info@harts-ltd.com

Please follow us on LinkedIn for up to date information.