Latest Tax Tips and News - September 2020

• Covid-19 support: SEISS second claim service open

  Newsletter issue - September 2020. The Self-Employment Income Support Scheme (SEISS) claims service for the second and final grant is open from 17 August 2020. Individuals eligible for the second and final grant, where their business has been adversely affected on or after 14 July 2020, can make a claim on or before 19 October…Read More

• HMRC launch consultation on NIC holiday for veterans

  Newsletter issue - September 2020. The Government currently provides a career transition package to service personnel leaving the Armed Forces which supports around 86% into employment. However, 6% of veterans using the service remain unemployed up to a year after leaving. The Government made a manifesto pledge to back veterans, by scrapping employer National Insurance…Read More

• Helping employees with cheap loans

  Newsletter issue - September 2020. In the current difficult economic client, employees may need to approach their employer for financial assistance in the form of a loan. Under the strict letter of the law, a tax charge will arise where a director or employee obtains a benefit by reason of their employment when they, or…Read More

• Applying for a customs grant

  Newsletter issue - September 2020. The next phase of the customs grant scheme is now open for applications. It sees a record £50 million investment as part of the measures to accelerate growth of the customs intermediary sector and help meet the increased demand it will see from traders at the end of the transition…Read More

• September questions and answers

  Newsletter issue - September 2020. Q. I am approaching retirement age and I am looking forward to receiving my state pension. Will I have to pay tax on it? A. The state retirement pension currently counts as taxable income. However, whether you have to pay tax on it will depend on the level of other…Read More

• September 2020 Key tax dates

  Newsletter issue - September 2020. 19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/9/2020Read More

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