The LB Weekly Roundup - 29 January 2021

Here is the latest instalment of The LB Weekly Roundup! 

This week our Managing Director Sarah Alexander discusses the Self-Assessment deadline, Off payroll working (IR35) from April 2021, Grants for traineeships and other updates and information! Please see the key points and dates from the session below. 

Key points from the session:

• Thank you and well done the the Lewis Brownlee team for their hard work during this busy season!
• HMRC have said HM Revenue & Customs (HMRC) has announced that it will waive fines for self-assessments that miss the 31 January deadline, as long as they are filed online by 28 February - however any tax liabilities are still due by 31 January.
• 29 January is the deadline to apply for the third SEISS grant
• HMRC's National Minimum wage unit being in charge of compliance for furlough claims
• Off-payroll working (IR35) was deferred in April 2020 but looks like it will start properly from 6 April 2021 - we will be sharing more information on this in due course
• Grants for traineeships available - Employers can now apply for a £1,000 cash grant to help them take on new trainees. See more details here: https://www.gov.uk/government/news/fu...​

Key dates:
29 January - SEISS third grant application deadline
31 January - Pay July 2020 and January 2021 tax bill (or have agreed a payment plan)
28 February - SA filing deadline
1 March - Domestic VAT reverse charge for construction services
3 March - Budget day
5 March - Our webinar on the key announcements from the budget
12 March - Our webinar providing a more detailed review of the budget
31 March - Pay last years VAT (or have agreed a payment plan)
31 March - Deadline to apply for a bounce back loan or CIBLs loan (if not already had one, or a top up if you need more)
30 April - Furlough scheme closes (but watch this space)

If you have any questions or would like to discuss any topics further, then please get in touch. You can call us on 01243 782 423, or email LetsTalk@lewisbrownlee.co.uk. Alternatively, head to our website to see our other resources and news updates: www.lewisbrownlee.co.uk