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DEADLINE APPROACHES FOR FIFTH AND FINAL SELF-EMPLOYED GRANT

The self-employed have until the end of the month to apply for the final grant available via the self-employed income support scheme (SEISS).Everyone who is eligible for the last SEISS grant should have received a personal start date from HMRC in recent months.NATIONAL INSURANCE CONTRIBUTION RATES ‘POISED TO INCREASE’The Government could be set to raise National Insurance contributions (NICs) by 1% for both employers and employees, a report has claimed.The Times claimed ministers have agreed to increase rates to raise an extra £10 billion a year for the National Insurance Fund.

     
CAPITAL GAINS TAX RECEIPTS CLIMB 3% TO RECORD-HIGH

HMRC collected a record of £9.9 billion from capital gains tax receipts in 2019/20, according to official statistics published last month.The tax authority said this was 3% up on the previous tax year’s receipts, but the number of taxpayers paying tax on their gains fell 6% to around 265,000.

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