A council is continuing to provide financial support to local businesses affected by the restrictions amid the ongoing Covid-19 pandemic.
East Suffolk.
Accountants and SMEs at breaking point due to self-assessment deadline
Accountants are dismayed that HMRC is refusing to extend the deadline for self-assessment tax returns on January 31, which could land millions of hard-hit entrepreneurs with fines totalling £250 million
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ACCA has lobbied HMRC for a rethink on behalf of its members and the businesses they support. However, so far HMRC insist the £100 fines will be issued and then the ordinary appeals process followed.
Glenn Collins, head of technical advisory and policy, wrote to HMRC highlighting: ‘Given the fact that we now have a further national lockdown, the results from our latest survey post the lockdown announcement, the increased need for individuals to isolate, and the worsening response times to queries raised with HMRC, we would urge HMRC to reconsider and extend the deadline until the end of the tax year in order to provide relief for struggling businesses.’
Kirklees Council reveals how much it has paid out in business support grants since November dewsburyreporter.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dewsburyreporter.co.uk Daily Mail and Mail on Sunday newspapers.
Businesses are being encouraged to apply for government grants to help those affected by the COVID-19 pandemic. There are a number of government-backed business grants on offer and Allerdale council is urging firms to check if they are eligible for any of them. There is financial support available for particular restriction.