HMRC update guidance on genuine HMRC contact and recognising phishing e-mails and texts

HMRC have updated their guidance on recognising genuine HMRC contact.

An update on claiming repayment for Self-Assessment has been added to the letters section.

https://www.gov.uk/guidance/check-a-list-of-genuine-hmrc-contacts

The Kickstart Scheme has changed.

Kickstart Scheme axes 30-job minimum requirement

Employers no longer need a minimum of 30 job placements to access the government’s Kickstart Scheme, enabling SMEs to apply directly or continue to use gateway organisations.

You no longer need a minimum of 30 job placements to apply directly for a grant.

You can now apply for a Kickstart Scheme grant by either:

• applying online yourself

• getting help from a Kickstart gateway who is already working with the Kickstart Scheme

Read more: https://www.gov.uk/guidance/apply-for-a-kickstart-scheme-grant

Xaviers Accountants

Bounce Back Loans still available but act fast

The Bounce Back Loan Scheme offering up to £50,000 to businesses depending on turnover is open until 31 March 2021.

If you have received a Bounce Back Loan but has not claimed the full 25% of turnover amount, the loan can be topped up but applications must be made by 31 March 2021.

Loans are guaranteed by the government in full and benefit from zero fees and interest for the first 12 months then 2.5% interest thereafter. No repayments fall due within the first 12 months and the six year term can be extended to 10.

One of the quickest ways to apply is via the business’s online banking system.