TLA - Self-Employed "Late Bird - Catch up Service"
- By Ross Brinsdon (TLA)
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- 28 Mar, 2020
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HMRC have announced that your Self-Employed tax affairs must be up to date in order to claim your Cash Grant.
Therefore, if you have not yet filed your 2019 or earlier years tax returns TLA have created a new package called the Self-Employed "Late Bird - Catch Up Service", where you can bring in your records or provide them electronically to ensure you do not miss out on the cash grant available to you.
To read more about the cash grant that you may be eligible for please read this article https://brinsdon.thelocalaccountant.co.uk/self-employment-income-support-scheme
Filing Deadline - 23 April 2020
Please contact us ASAP if you're self-employed and still need to file your 2019 Tax Return with HMRC. You must do this by 23 April 2020 to be eligible for the Self-Employment Income Support Scheme (SEISS) Cash Grant. We advise you act quickly, so that you do not miss out on your last chance to file with HMRC.
Call us on 01934 440157 or email us at hello@thelocalaccountant.co.uk to discuss your tax affairs today!
If you’re part of a working household that receives tax credits, you may be eligible for a new one-off payment of £500. The new payment is being introduced to provide extra support when the temporary increase in Working Tax Credit ends as planned on 5 April 2021.
You may get a one-off, tax-free payment of £500 if, on 2 March 2021, you were getting either:
- Working Tax Credit
- Child Tax Credit and were eligible for Working Tax Credit but you did not get a payment because your income is too high to get Working Tax Credit payments
You do not need to contact HMRC or apply for the payment. HMRC will contact you by text message or letter in April 2021 to confirm you are eligible.
If you are eligible, you should get your payment direct to your bank account by 23 April 2021. HMRC have confirmed that you will not see the payment on the online tax credit service.
The payment is non-taxable and will not affect your benefits. You do not need to declare it as income for Self-Assessment tax returns or for tax credit claims and renewals.
