23 Aug

COVID-19 Government Support News: 23rd August 2021

Megan
Megan
COVID-19 Government Support News: 23rd August 2021

Please note that this update is correct as of the 23rd August 2021. If you need any help or have any questions on the below please contact us on 01256 883 012.

Coronavirus Job Retention Scheme (CJRS) Update 

The Coronavirus Job Retention Scheme has been extended until 30 September 2021. For claims relating to August and September 2021, the government will pay 60% of wages up to a maximum cap of £1,875 for the hours the employee is on furlough.

Claims for furlough days in August 2021 must be made by 14 September 2021.

Claims for September must be submitted by 14 October 2021 and any amendments must be made by 28 October 2021.

Please talk to us if you have any questions regarding the CJRS.

To read more and claim for wages through the Coronavirus Job Retention Scheme click here 

Self-Employment Income Support Scheme (SEISS) Update

HMRC have released guidance entitled “Check if you need to change your Self-Assessment return for SEISS”:

You need to check your Self-Assessment return if you have:

  • Already submitted your 2020 to 2021 Self-Assessment tax return online.

  • Claimed a SEISS grant before 6 April 2021.

HMRC may have made an adjustment to your return if:

  • The amount of the SEISS payments put in the SEISS box does not match HMRC records.

  • There was no SEISS amount entered.

  • You did not submit a Self-Employment or partnership page (SA103 or SA104) and received SEISS payments.

Payments from the first, second and third SEISS grants (received on or before 5 April 2021) should have been included on your 2020 to 2021 return in the box for Self-Employment Income Support Scheme grants. These can be found:

  • On page 2 of the ‘other tax adjustments’ section, within the Self Employment (full) page (SA103F) – this is Box 70.1 on the paper return.

  • In the ‘other tax adjustments’ section of the Self Employment (short) page (SA103S) – this is Box 27.1 on the paper return.

  • On page 2 of the ‘trading or professional profits’ section of the partnership page (SA104) – this is Box 9.1 on the paper return.

  • At section 3.10A of the SA200 tax return.

HMRC are correcting returns where SEISS grants have been reported incorrectly.

If HMRC have corrected your return, you must check whether you used the correct boxes or not.

Please contact us if you need help in completing your self-assessment return. 

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