NEWSLETTER

Welcome to the July 2020 Newsletter from Certax Accounting

The Low Incomes Tax Reform Group (LITRG) has warned the self-employed that the government's coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS) grants are chargeable to income tax and national insurance. The LITRG is concerned that people may wrongly assume the funds are exempt from tax. Meanwhile, HMRC has updated its guidance on the Coronavirus Job Retention Scheme (CJRS) for employers, following Chancellor Rishi Sunak's announcement of changes to the measure. LITRG warns self-employed that SEISS is taxable The Low Incomes Tax Reform Group (LITRG) has warned self-employed individuals that the government's coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS)

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