A RAFT of measures have been introduced to help self-employed workers and small businesses through the coronavirus crisis. From loans to tax breaks, we take you through what help is available to you if you’re struggling financially due to the pandemic – and how long you have to apply for them. ⚠️ Read our coronavirus live blog for the latest news & updates Income-tax deferrals – January 31 2021 The Government announced that anyone who is due to submit a self-assessment income tax payment on July 31 can defer it until January 31 2021. As well as the self-employed, this will help anyone who also receives income through renting out property or investing. Self-employment grant: who can claim?YOU can claim if you’re a self-employed individual or a member of a partnership and you: have submitted your self assessment tax return for the tax year 2018/19 traded in the tax year 2019/20 are trading when you apply, or would be except for coronavirus intend to continue to trade in the current tax year (2020/21) have lost trading profits due to coronavirus. The deference is optional but you won’t be charged a penalty fee for missing the deadline if you’re struggling due… Read full this story
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