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Probate and Inheritance Tax

Business Tax • Coronavirus Advice • government • Personal tax

Update on the Self Employment Income Support Scheme

By RJP LLP on 4 May 2020

This week, HMRC is starting to send out notifications to those who are eligible for the Self-Employment Income Support Scheme. If you believe you will qualify for this, you should look out for a notification.

You will be able to make a claim from 8am on Wednesday 13 May 2020 for a taxable grant which HMRC will calculate for you. This will be worth 80% of the trading profits included on your self-assessment for the year ended 5 April 2019, up to a maximum of £7,500.

You can claim providing you:

have submitted your 2019 self assessment;
are trading in the current tax year;
are trading when you apply, or would be except for coronavirus;
intend to continue to trade in this tax year; and
have lost trading profits due to coronavirus.

When you receive the notification, it will include a link which asks for your UTR (unique taxpayer reference) and your national insurance number, so you should make sure you have these to hand.

The claim is made through your personal Government Gateway account, so can’t be done for you by anyone else. Therefore, if you don’t have an account already set up, it would be a good idea to do that now to be prepared, as it can take a little time.

For more information or advice please contact partners@rjp.co.uk

Business Services

Probate and Inheritance Tax

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By RJP LLP on 30 April, 2024

I wanted to write and express our gratitude for your help and hard work in getting Probate through and settling all the taxes. I am so pleased that we selected RJP, as your professional help and updates throughout this process have been invaluable. If at any time in the future Probate assessment may be needed, you will be our first port of call. Once again, many thanks to the whole team.

Dan Cook, Probate client

I just wanted to drop you a short note to say how grateful I am for the support that RJP has provided over the past 4 weeks while our Financial Controller was away. I struggle to comprehend how much work your staff get through during their weekly visits and they are always a pleasure to have around the office.

I Evans, CFO, Mobliciti

Just a quick e-mail from me to thank you for achieving the target for producing the draft accounts – it is very much appreciated and gives a first class impression of your firm. Many thanks.

J Stanfield, Chairman, BBS Actuaries Ltd

I would like to take this opportunity to thank you very much for the amazing job you have done navigating us through this whole process. My family and I also really appreciate the care and compassion demonstrated by you and your team in every dealing. Our thanks to everyone.

M Goldsmith, Probate Client

RJP provide our company with a complete service which takes the stress and strain away from the day to day running of our accounts! Their understanding of our business and their patience and advice is invaluable.

Outsourcing Client

60 Day Deadline for CGT Returns and Tax Payments

If you sell a property and incur capital gains tax on the transaction, you will need to file a tax return and also pay any tax that is due within 60 days of completion, or penalties will arise. Need help with your property taxes? Talk to us.