New COVID-19 support schemes announced

New COVID-19 support schemes announced

The government have announced new COVID-19 support schemes for businesses and employees impacted by coronavirus (COVID-19) across the UK. This includes: a new Job Support Scheme extending the Self-Employment Income Support Scheme extending the VAT cut (from 20% to 5%) for the hospitality and tourism sectors, and help for businesses in repaying government-backed loans. I’ll […]

Important updates to Coronavirus Job Retention Scheme

Important updates to Coronavirus Job Retention Scheme

There are some Important updates to Coronavirus Job Retention Scheme from the end of this month. From the 1st of‌‌ October 2020: HMRC will pay 60% of the usual wages per month, for the hours furloughed employees do not work, up to a cap of £1,875 per What employers need to do from the 1st of‌‌ October Continue to pay […]

Extension of Making Tax Digital for VAT

Making Tax Digital

The UK Government have recently set out their 10-year plan to modernise tax and the extension of Making Tax Digital is a fundamental part of it. The 10-year strategy is part of the government’s ambition to make progress and lay foundations for further reforms between now and 2030.  They believe that now is the right […]

Changes to the Coronavirus Job Retention Scheme from 1st of September

Important information on the Coronavirus Job Retention Scheme

There are some changes to the Coronavirus Job Retention Scheme from the 1st of‌‌‌ ‌September 2020 and this is what it means for you.  What you need to do from 1‌‌‌ ‌September From 1‌‌‌ ‌September the CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees […]

Second Self Employment Income Support Scheme

Second Self Employment Income Support Scheme

Second Self Employment Income Support Scheme (SEISS) The second Self Employment Income Support Scheme (SEISS) opens for applications today and those eligible will receive a government grant worth up to £6,570 This week HMRC are writing to self-employed people who may be eligible for the grant.  Those eligible will be given a date to make […]

The Job Retention Bonus

Job retention bonus

HMRC have published additional information on the Job Retention Bonus, including details on how to check if you are eligible and what you need to do now to get ready to claim. You can find this by going to GOV‌.UK and searching ‘Job Retention Bonus – Policy Statement’. Job Retention Bonus Employers will be able […]

How changes to the Coronavirus Job Retention Scheme impact you

How changes to the Coronavirus Job Retention Scheme impact you

The Coronavirus Job Retention Scheme (CJRS) changed from the 31st of J‌ul‌y.  This is how the changes to the Coronavirus Job Retention Scheme impact you. What you need to do from 1 August From the 1st of Au‌gu‌st 2020 the scheme will no longer fund employers’ National Insurance (NI) and pensions contributions. Employers will have […]

Important information on the Coronavirus Job Retention Scheme

Important information on the Coronavirus Job Retention Scheme

HMRC are writing to employers and agents to inform them of Important information on the Coronavirus Job Retention Scheme.  This information includes key dates.  Here’s a summary: Key dates You should submit CJRS claims for periods ending on or before the 30‌th of‌‌ ‌June 2020 by the 31st of‌‌‌ ‌July 2020. This is the last […]