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Important warning for SEISS claimants
If you received any of the first three SEISS grants and haven’t submitted your 2019/20 tax return or have but have not shown that you were self employed, you must submit or correct your return without delay or repay the grant.
If you receive a warning letter from HMRC you must act quickly. HMRC is allowing just 30 days from the issue of the letter for you to submit or amend your 2019/20 tax return.
Increase in payroll costs
Higher than inflation increases to the minimum and living wage rates will apply from 1 April 2022. The new rates are:
From 1 April 2022
National living wage
21-22 year old rate
18-20 year old rate
16-17 year old rate
Capital gains deadline
The time limit for reporting to HMRC capital gains made from the sale or transfer of residential property has been doubled. Instead of 30 days you now have 60 days to notify HMRC and pay any tax liability. This deadline applies to gains made on or after 27 October 2021.