grant Archives - WRLO Accountants

HMRC gives £1.8 million a year to charities to help excluded taxpayers

WRLO Accountants — Fri, 11 Aug 2023 17:50:50 +0000

The voluntary and community sector will be able to apply for grants from HMRC to support their work with taxpayers who need extra assistance with their tax affairs. Eligible organisations need to bid for the funding, worth £1.8 million a year from 2024 until 2027, up from the current annual grant of £1.66 million, through HMRC’s voluntary and community sector grant funding programme. Bids can be submitted between 24 July and 21 August 2023, with successful organisations being announced in October, ready for the new funding to start from 1 April 2024. This is the 12th round of funding HMRC is awarding as ‘part of its commitment to help everyone get their tax right’. The programme has been ongoing for over a decade and previous beneficiaries included Citizens Advice Bureaus, TaxAid, Tax Help for Older People and Gingerbread. To be eligible for grant funding from HMRC, an organisation must be a registered charity, voluntary and community sector organisation, social enterprise, mutual or a co-operative. RNIB’s Sight Loss Advice Service is one of 12 organisations previously awarded under the grant programme. Director David Newbold said: ‘RNIB is extremely grateful to HMRC for its generous support, ensuring blind and partially sighted people […]

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June 2021

WRLO Accountants — Tue, 08 Jun 2021 08:44:47 +0000

In this month’s Enews we consider the roll out of the fifth SEISS grant; the imminent closure of HMRC’s payment scheme for businesses that deferred VAT payments last year; and the announcement of National Insurance reliefs for employers setting up in Freeport economic zones. With guidance on the Plastic Packaging Tax, the Trade credit insurance scheme, the deadline for forms P11D and the latest advisory fuel rates, there is a lot to update you on. Fifth SEISS grant will be open to claims from late July HMRC’s VAT Deferral New Payment Scheme to close this month NIC reliefs set for Freeports Government confirms start date for Plastic Packaging Tax Effectiveness of OTS set to be reviewed by Treasury Trade credit insurance scheme to close Advisory fuel rates for company cars Forms P11D – reporting employee benefits Fifth SEISS grant will be open to claims from late July HMRC has confirmed that the fifth Self-employment Income Support Scheme (SEISS) grant covering the period May 2021 to September 2021 will open to claims from late July. To be eligible for the grant, an individual must be self-employed or a member of a partnership. They must have traded in the tax year 2019/20 […]

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May 2021

WRLO Accountants — Tue, 04 May 2021 17:24:35 +0000

In this month’s Enews we consider the opening of the latest SEISS grant to applicants, the launch of the government’s latest loan scheme aimed at supporting COVID-hit businesses and the introduction of state-backed 95% mortgages for first-time buyers. With guidance on tax relief for home workers, a call for the extension of the Kickstart scheme and pension fraud increases there is a lot to update you on. Fourth self-employed grant now open for online applications Recovery Loan Scheme opens to businesses Recent changes to IR35 ‘undermine the self-employed’, says IPSE CBI calls for extension of Kickstart Scheme as jobs market remains subdued New 95% mortgage scheme launched New claims required for home working tax relief HMRC sets out penalty regime for SEISS abuse Pension fraud increased to £1.8 million in first quarter of 2021 Fourth self-employed grant now open for online applications On 21 April, the online service for applications for the fourth Self-employment Income Support Scheme (SEISS) grant was opened for claims, HMRC confirmed. All applications must be submitted by the individual self-employed worker and cannot be handled by accountants or tax advisers. The fourth grant will be 80% of three months’ average trading profits, to be claimed from […]

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