Hello
This week we bring some good news if you were unable to settle your 31 January Self Assessment liability by 28 February. There'll be no 5% late-payment penalty as long as you pay by 1 April 2021. We have another warning on more phishing emails, new VtaxP toolkits, updates for landlords (including non-resident landlord companies), and a review of what's been happening in the courts.
HMRC have published ‘Self-Employment Income Support Scheme statistics: February 2021’. It shows that 2.2 million (65%) of the potentially eligible self-employed population had claimed on the Scheme.
In HMRC v Atholl House Productions Limited [2021] UKUT 0037, the Upper Tribunal (UT) upheld the First Tier Tribunal's (FTT) decision that the TV and radio presenter, Kaye Adams, was an independent contractor and not caught by IR35.
If you are self-employed then you should be careful not to click on any phishing emails. The following email was received on Monday has the header, 'Your Self-employed Grant for March 2021 has been Approved.'
HMRC have published new advisory fuel rates for company car drivers which apply from 1 March 2021. Most remain unchanged from the rates applicable for the previous three months.
The Supreme Court has confirmed that Uber's drivers are workers and not self-employed. The taxi-tech business failed to persuade judges that it acted merely as an agent when it supplied enabling technology to the drivers via its App as it exerted such complete control over the way in which the driver worked.
HMRC have announced that Self Assessment taxpayers will not be charged the usual 5% late payment penalty provided that they pay their tax or set up a payment plan by 1 April 2021.
Hello
We have a great range of news and updates this week. Ignoring the Coronavirus for a minute, it is a time of big changes in tax.
HMRC have issued the Agent Update for February 2021. We have summarised the key content for you with links to our detailed guidance on the topics covered.
Some of the following items have been duplicated in this month's Employer Bulletin and rather than reproduce these we have linked to those updates where appropriate, see: Employer Bulletin February 2021
A new 'SME Brexit Support Fund' is a grant of up to £2,000 towards training or professional advice. Unlike the new Irish Brexit voucher, the GB grant is only available to the largest of small business.