Today the Chancellor announced the introduction of the Job Retention Bonus. This is a one-off payment of £1,000 to employers that have used the Coronavirus Job Retention Scheme (CJRS) for each furloughed employee who remains continuously employed until 31 January 2021. The bonus will provide additional support to retain employees. To be eligible, employees will … Continue reading Mini-budget July 2020
Category: Business
HMRC has announced that the introduction of the domestic reverse charge for construction services will be delayed until 1 March 2021 due to the impact of the coronavirus pandemic. What do you need to know? What is the reverse charge? Rules are being introduced to tackle VAT fraud within the construction industry. The reverse charge … Continue reading VAT reverse charge for construction services delayed due to coronavirus
As part of changes to the Coronavirus Job Retention Scheme (CJRS), I’ve outlined below important dates that may impact you in the coming weeks. Important dates – what you need to know now The scheme will close to anyone who hasn’t been furloughed for 3 weeks by 30 June, so you will only be able … Continue reading Covid 19 Changes to the furlough scheme
If you have employees on furlough can they take holiday, and if so at what rate must you pay them? How did the calculation for holiday pay change in April? Furlough and holiday. Employees can take holiday whilst on furlough and you can designate time during furlough to be taken as holiday as long as … Continue reading Holiday during furlough
Following the widespread uptake of the Coronavirus Job Retention Scheme, the government announced that it would also launch a support scheme for the self-employed. Can you benefit? Open. The government’s Self Employed Income Support Scheme (SEISS) opened for claims on Wednesday 15 May. The scheme allows you to make a claim if your business has been … Continue reading Covid 19 -Self Employed Income Support Scheme
The government has brought forward legislation to zero rate electronic publications in a move to make them more affordable for people confined to their homes or affected financially by coronavirus. Zero-rating was originally due to take effect on 1 December 2020 but now applies from today, 1 May. Zero-rating applies to the sale of: books … Continue reading VAT Good news
The Bounce Back Loan Scheme was launched on 4 May. Early reports suggest it is very efficient, with some claimants receiving cash within hours of application. What is it, and can you benefit? Smaller businesses have reported difficulty in accessing the Coronavirus Business Interruption Loan Scheme (CBILS). CBILS loans are only 80% guaranteed by the … Continue reading Covid 19 – Bounce Back Loan Scheme
Along with the HMRC we want to help you get ready to make a claim under the Coronavirus Job Retention Scheme. If you’re eligible for the scheme, there are things that you can do now to be ready when the system is up and running later this month. You’ll need to provide the following to … Continue reading Covid 19 – Job Retention Scheme & How to make a Claim
Claim for your employees' wages through the Coronavirus Job Retention Scheme Find out if you’re eligible and how much you can claim to cover wages for employees on temporary leave ('furlough') due to coronavirus (COVID-19).Published 26 March 2020Last updated 4 April 2020 — see all updates From:HM Revenue & Customs Contents Who can claimEmployees you can … Continue reading Covid 19 – Update of the Job Retention Scheme
There are restrictions on claiming the employment allowance (EA) from April 2020. What are they, are you fully up to speed with the basic rules and what enforcement risks do you run? Basic rules The employment allowance (EA) was introduced in April 2014 to support businesses and charities by cutting the cost of employers’ NI, so encouraging … Continue reading Changes to the employment allowance.