Big Tax Bills for the Self-Employed in 2022/23
Draft legislation has been published to change the basis periods for the assessment of self-employed profits to coincide with the tax year.
CEST results: will HMRC accept software decision?
HMRC have recently confirmed that they will be bound by CEST results provided the information is accurate and it is used in accordance with their guidance.
Guidance on fifth SEISS grant turnover test from HMRC
The fifth SEISS grant is now available for the self-employed to claim before 30 September 2021. HMRC will contact those traders that may be eligible with their claim date.
Details of fifth Self Employed Income Support Grant
Like the CJRS scheme for employers, the Self Employed Income Support Scheme (SEISS) has been extended to September 2021 and details of claims for the fifth grant have now been released. This fifth grant covers May to September 2021 and will open for applications in late July.
Uber drivers are workers not self employed
The Supreme Court has ruled that drivers for the ride hailing app Uber are workers not self-employed individuals and hence are entitled to holiday pay, pension rights and the right to be paid the national minimum wage.