Newsletter...
Enews - May 2022
In this month's Enews we consider the latest news on COVID grants for the self-employed. We also update you with the government's energy strategy and plans to regulate cryptocurrency. With guidance on tax avoidance and the government's one-stop shop for tax relief, there is a lot to update you on.
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HMRC starts chasing up SEISS overpayments
HMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants. From April, HMRC is writing to taxpayers whose entitlement to the fourth or the fifth SEISS grant has reduced by more than £100 to ask them to repay amounts that were overpaid....... read more -
UK government unveils energy strategy
Up to eight more nuclear reactors could be delivered to existing sites as part of the UK's new energy strategy. The plan, which aims to boost UK energy independence and tackle rising prices, also includes plans to increase wind, hydrogen and solar production........ read more -
Treasury announces it will regulate some forms of cryptocurrency
The Treasury has announced that it plans to recognise stablecoins as a valid form of payment as part of a wider government initiative to 'make Britain a global hub for cryptoasset technology and investment'........ read more -
HMRC names avoidance scheme promoters for first time
HMRC has named two tax avoidance schemes and their promoters for the first time, advising anyone involved to withdraw from them as soon as possible to prevent the build up of large tax bills........ read more -
New HMRC one-stop online shop provides taxpayers with tax relief information
HMRC has launched a new one-stop online shop designed to provide taxpayers with information on the tax reliefs and financial help available from HMRC. In a new section of the GOV.UK website, HMRC has listed financial support available to ensure individuals are not missing out........ read more -
Export growth is 'stagnant', BCC finds
Data published by the British Chambers of Commerce (BCC) shows that UK export growth has been effectively stagnant for the past year. The BCC's quarterly Trade Confidence Outlook revealed that the proportion of exporters reporting increased overseas sales was 29%, whilst 25% reported a decrease........ read more -
Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin. The April issue has information on various topics including: Forthcoming deadlines, Claiming employment allowance from April 2022, Student loans, Coronavirus updates and information, Official rate of interest and Hybrid working........ read more -
Government inaction on long COVID could cost billions
There are now more than a million workers missing from the workforce compared to pre-pandemic figures, according to a report published by the IPPR think tank. About 400,000 of these are no longer working because of health factors relating to the pandemic, including long Covid, according to the IPPR........ read more
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