Taxpayers who have received CJRS or SEISS grants are urged to doublecheck their entitlement as the 90-day period to inform HMRC of any overclaimed amounts is now law.
As part of the Treasury’s long-term tax digitisation plan – designed to boost national productivity, make it easier for businesses and people to pay tax and reduce avoidable errors and fraud – HMRC’s Making Tax Digital programme will be gradually extended.
HMRC has updated its guidance on CJRS with various updates for employers as well as employees.
The Government’s Self-Employment Income Support Scheme (SEISS) has been live since Wednesday 13 May.
If you’re eligible and your business has been adversely affected you must make your claim for the first grant on or before 13 July 2020.
This scheme is being extended, if your business has been adversely affected on or after 14 July 2020, and you were eligible for the first grant, you’ll be eligible for the second and final grant.
The second taxable grant will be 70% of your average monthly trading profits, paid out in a single installment covering a further 3 months’ worth of profits, and capped at £6,570 in total.
You can claim for the second grant even if you did not make a claim for the first grant.
The online service for the second and final grant is not available yet.
You’ll be able to claim the second grant in August 2020.
We will update this page when the online claim service is available.