The following is a summary of the Spring 2021 Budget from March for the self-employed, those in partnerships, or owners of limited companies, with information for both individuals and employers.
A lot of self-employed people work from home. Some of the costs of the home can be claimed against tax and, in some cases, these costs may be considerable. Here we consider some of the tax implications of homeworking arrangements for the self-employed.
Here is an overview of some of the main things to consider.
This note only covers the third grant, which covers the period from 1 November 2020 to 31 January 2021.