Informi: ‘As well as having the advantage of doing so during a typically quieter period at HMRC, they’re also more likely to have all the necessary information on hand and will allow themselves more time to deal with any problems – and avoiding potentially crippling fines’.
CIPD: ‘Making redundancies should be a last resort once all other options for reducing workforce costs have been taken’.
LITRG: ‘The self-employed often need to digest a lot of information when they are also busy running and growing their businesses and a tool which provides guidance to specific trades will be useful’.
Taxpayers will still be able to file a paper return if they choose, but HMRC will encourage those who are able to file online to do so.
Millions of people across the UK could benefit from the new Self-Employed Income Support Scheme.
The Chancellor of the Exchequer: “We are working round the clock to do whatever it takes to protect our people and businesses. That means that we are not only taking unprecedented action but doing so at unprecedented speed, because we know that businesses and their employees need help now.”
Larsen Howie: ‘We’d like to stress that the legislation has been delayed, not cancelled; any investments you’ve made or are making in getting ready for the reform will not be wasted and will stand you in good stead versus competitors who are burying their heads in the sand’.
IPSE: ‘Coronavirus is not only a health crisis, but an income crisis that threatens the self-employed in particular’.