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Oldham News | Main News | More than 63,000 file Self Assessment on first day of tax year

Cumbrian businesses urged to seek advice as Covid grant probes begin

HELPING HAND: Peter Ellwood, managing partner at robinson+co, is warning business owners to prepare for Covid grant inspections Picture: Tom Kay/Platinum Live PR Business owners across Cumbria are being warned to prepare for inspections, which will look into the legitimacy of support grants, loans and furlough claimed during the coronavirus pandemic. Throughout the pandemic, the Government has spent billions on initiatives such as the Coronavirus Job Retention Scheme, as well as the Self-Employed Income Support Scheme, and other support grants and loans. And now, chartered accountants and business advisers robinson+co is urging businesses to make sure they are not caught out by retrospective audits conducted by Her Majesty’s Revenue and Customs (HMRC).

More than 63,500 file Self Assessment on first day of tax year

More than 63,500 file Self Assessment on first day of tax year MORE than 63,500 customers filed their 2020/21 tax return online on 6 April, HM Revenue and Customs (HMRC) has revealed. And with almost 950,000 online Self Assessment returns received so far this tax year, HMRC is urging others to do the same and file their tax returns early. Each year, thousands of people choose to file early, as soon as one tax year ends and the new one starts. HMRC has seen a growing trend in early filers. In the last five tax years, the number of customers choosing to file on the first day of the new tax year has almost trebled from 22,885 in 2017 to 63,521 in 2021.

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