COVID-19 Resources

Information and resources for business owners and individuals

This hub is designed to help you keep up-to-date with the latest government announcements and to provide useful information for business owners and individuals on how COVID-19 may affect you and your business.

Remember to Declare Covid-19 Grants on Your Tax Return

HM Revenue and Customs (HMRC) is reminding Self-Assessment tax payers to declare any Covid-19 grant payments on their 2020 to 2021 Tax Return. These grants are taxable, and you should declare them on your 2020 to 2021 Tax Return before the deadline...

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2020/21 Income Tax Returns & the SEISS

Three grants worth up to £21,570 are taxable. A chunk of time has passed since the Self-Employed Income Support Scheme (SEISS) was launched in May 2020, following the onset of the COVID-19 pandemic. The first taxable grant, worth up to £7,500 in...

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The Basics of VAT for UK Businesses

An introduction to the main business tax. VAT is a business tax on the supply of goods and services. It is charged at varying rates depending on what is being supplied, who it is being supplied to and where it is being supplied to. But with Brexit,...

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Covid-19 – Analysing the Recovery Loan Scheme

Budget 2021 announced a successor loan scheme to support UK business recovery. Earlier coronavirus (Covid-19) loans, like the Bounce Back loan, closed to applications on 31 March 2021. The new Recovery Loan Scheme (RLS) launched on 6 April 2021 and...

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What we can do for you

Find out more about the full range of business and tax advisory services Horsfield & Smith offers to businesses and individuals across Greater Manchester and the North West of England and see how we can help you achieve your goals for growth.