SEISS 4 claims open over the next week

HMRC has contacted those potentially eligible for the fourth Self-employment Income Support Scheme (SEISS) grant. Claims for the fourth SEISS grant will open over the next week. HMRC has written to each potential claimant giving them their personal claim date. We understand that these dates fall between 22 and 29 April; the phasing is to allow HMRC to manage demand. The date provided is the earliest date on which the taxpayer can apply; the portal will remain open until 1 June 2021. Those who believe they are eligible but…

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Stamp Taxes

A 2% stamp duty land tax surcharge for purchases of residential property by non-UK residents comes into force on 1 April 2021.Stamp Duty Land Tax holiday: The nil rate will remain at £500,000 until 30 June 2021.

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Construction industry scheme

In a bid to prevent abuse of the construction industry scheme, HMRC is introducing a number of changes from 6 April 2021. These include:• the introduction of a set-off amendment power;• limiting the exclusion for the cost of materials to cases where the subcontractor directly incurs the cost;• changes to the definition of a deemed contractor; and• expanding the scope of the CIS registration penalty.

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