Business and Tax News - Jan 2021

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December 4th 2021
Tax Week 35
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BUSINESS AND TAX NEWS - JAN 2021

Five Band Tax System Remains For 2021 In Scottish Budget

UK BUDGET

Five Band Tax System Remains For 2021 In Scottish Budget

No major income tax changes in Scottish Budget published January 28th 2021.
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Fourth SEISS Grant Delayed Until March

SELF EMPLOYED

Fourth SEISS Grant Delayed Until March

Fourth instalment covering three months will be announced as part of March Budget.
Self Assessment Penalty To Be Delayed By One Month

TAX RETURN

Self Assessment Penalty To Be Delayed By One Month

Taxpayers however still need to pay any outstanding tax bill by January 31st deadline as interest will be charged.
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