The latest on self assessment and our proposal for a directors’ income support scheme.
Campaign to delay self-assessment deadline
In December ACCA wrote to HMRC’s Permanent Secretary, Jim Harra, to express concerns over clients’ ability to meet the approaching self-assessment deadline and to request a delay to the end of the financial year.
On 18 December we received a response from HMRC relaying that the Department wished to encourage as many customers as possible to file on time and Covid-19 impact would constitute reasonable excuse.
Following the announcement of renewed national lockdown measures in January, ACCA reissued our call to HMRC, highlighting the welfare of ACCA members and clients, many of whom have fed back that they are unable to cope.
ACCA continues to raise the issue with HMRC. We are also seeking additional member quotes and case studies to support our call for a delay; members can share their views at UKPolicy@accaglobal.com
ACCA proposal for a directors’ income support scheme
In November ACCA partnered with Forgotten Ltd, FSB and tax expert Rebecca Seeley Harris to continue our campaign for a Directors' Income Support Scheme (DISS). The Income Support Scheme proposal was developed following feedback from ACCA's practitioner network and aims to reduce erroneous claims and target support towards those who cannot access existing schemes.
Following a briefing from the campaign group to MPs and Ministers, several MPs asked questions at Treasury Questions in the House of Commons to the Financial Secretary to the Treasury on support for company directors. The parliamentary session can be viewed here.
Financial Secretary to the Treasury, Jesse Norman, met with Rebecca Seeley Harris, Forgotten LTD, ACCA UK and the Federation of Small Businesses on 9 December 2020 to discuss the proposal for a Directors' Income Support Scheme. The meeting was also attended by policy officials across HM Treasury and HMRC.
The meeting was positive and covered a lot of ground. The government agreed to continue to consider how to better target support to those impacted by Covid-19. As this meeting was confidential, no further details will be released.
ACCA is continuing its campaign for income support for company directors. ACCA is continuing its campaign for income support for company directors. On 20 January, ACCA will give evidence to the Treasury Select Committee, and to the All Party Parliamentary Group for Gaps in Support on 19 January to discuss the proposed scheme for Director Support.