We have attached a commentary on the 3rd SEISS claim to help you decide if you should claim. We hope this helps. The claim window opens Monday.
Council Grants
The Council arbitrary grants opened last week – York’s can be found at
Application Form: https://www.york.gov.uk/xfp/form/263
Information: https://www.york.gov.uk/COVID19BusinessGrants https://www.york.gov.uk/AdditionalRestrictionsGrant
Bounce Back Loan Scheme (BBLS)
A reminder that the BBLS closes on 31 January 2021, so if you are eligible and have not yet applied, or have scope to extend your original loan, please take urgent action.
Deferral of tax and payment by instalments
Many people deferred the second instalment of 2019/20 tax which was originally due on 31 July 2020 with deferral to 31 January 2021. HMRC have now announced that you can further delay payment by arranging instalments for any self-assessment tax falling due on 31 January 2021.
If your tax debt is below £30,000 and you have no existing Time To Pay arrangements in place you can apply online using your Government Gateway login. For debts over £30,000 or if you have existing payment arrangements you have to call HMRC on 0300 200 0822 to request instalment payments.
Just worth mentioning that we are seeing quite a few clients having difficulties obtaining mortgages with outstanding tax liabilities so maybe speak to your adviser if you are thinking of re-mortgaging / using time to pay.