Newer freelancers who have still not filed their self-assessment tax return risk being left out of the final round of self-employed income support grants.
The Government has considered extending the self-employed income support scheme (SEISS) to the new freelancers who were previously excluded where they had not filed a tax return by January 2020.
Newly self-employed workers would be on HMRC’s systems following the January 2021 deadline although there are now reservations over additional support given so many taxpayers are yet to submit returns.
HMRC dropped fines for late filing to help freelancers and the stretched accountancy sector but taking advantage of this could have now thwarted their chance at receiving SEISS grants.
It would be unfortunate for individuals who have taken advantage of lenient tax return rules in light of the pandemic to miss out on potential extra help.
If you have not yet filed your self-assessment tax return and paid your taxes, do so now to avoid being left out again.