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ACCA – Covid roundup

by | Jul 5, 2021 | Business News, Covid-19

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A look at some of the various support measures and what is changing As the country moves into the final stages of the lockdown measures, some...

Accounting for SEISS grants

by | May 19, 2021 | Covid-19, Tax News

We’ve had some queries about how SEISS grants are taxed.  Here is a summary. First they go on your return separately – in box 27.1 if you use the Short SA103, or box 70.1 if you use the full form.  See Tax returns forms updated for Covid grants Secondly,...

Tax returns forms updated for Covid grants

by | Apr 28, 2021 | Covid-19, Tax News

HMRC has updated the tax return forms for 2021 to enable the reporting of Coronavirus Support schemes. The new returns include boxes for Self-Employment Income Support Scheme grants to allow them to be reported separately and crosschecked by HMRC. Self-Assessment:...