The Coronavirus Job Retention Scheme has been extended for a month with employees receiving 80% of their current salary for hours not worked and further economic support announced. Businesses will have flexibility to bring furloughed employees back to work on a part time basis or furlough them full-time, and will only be asked to cover Read more about Furlough Scheme Extended[…]
It was announced on Thursday, 22 October 2020, that the previously announced Job Support scheme will be available as 2 options, Job Support Open scheme and Job support scheme closed. When does the scheme start Both schemes will start on 1 November 2020. Who is eligible To be eligible, employers must: be enrolled for PAYE online Read more about Amendments to Job Support Scheme[…]
You will be able to claim a one-off payment of £1,000 for every eligible employee you furloughed and claimed for through the Coronavirus Job Retention Scheme (CJRS) and kept continuously employed until at least 31 January 2021. Employers do not have to pay this money to their employees. Who can claim You can claim the Read more about Job Retention Bonus[…]
The government announced (on 9 October) an expansion of the Job Support Scheme, to provide temporary support to businesses whose premises have been legally required to close as a direct result of coronavirus restrictions. Under this expansion, affected businesses will receive grants towards the wages of employees who have been instructed to and cease work. Read more about Expansion of Job Support Scheme[…]
The government recently announced the Job Support Scheme (JSS) to protect jobs where businesses remain open but are facing lower demand over the winter months due to COVID-19. Under Job Support Scheme the government will contribute towards the wages of employees if they are working fewer than normal hours due to decreased demand. Employers will Read more about Job Support Scheme[…]
Temporary easement measures taken in response to coronavirus (COVID-19) have been kept under monthly review, by Companies House, but from today (10 October) the measure to suspend compulsory strike off action will be lifted. This means they will resume the process to remove a company from the register if there’s reasonable cause to believe it’s Read more about Companies House to resume compulsory strike off process[…]
HMRC has recently announced that anyone required to complete a self-assessment return will no longer automatically be sent a paper form to complete. Many tax payers have already told HMRC they don’t want to receive a paper tax return, They receive an electronic request to complete a self-assessment return via their personal tax account.
A new P46 car (online and paper version) should be used from 6 April 2020. If after 5 April 2020 an employee’s company car is changed or they have use of one for the first time, and it’s a zero or low emissions car, you’ll need to notify HMRC in the new box added to Read more about New reporting process for cars[…]
The government has extended the temporary reduced rate of VAT (5%) to tourist attractions and goods and services supplied by the hospitality sector. This relief came into effect on 15 July 2020 and will now end on 31 March 2021 across the UK.
If you deferred paying your July 2020 Payment on Account, you will need to pay the deferred amount, in addition to any balancing payment and first 2020/21 Payment on Account, by 31 January 2021. This may be a larger payment than you usually pay in January. If you are unable to pay your Self-Assessment bill in Read more about New Self Assessment Self-Serve Time To Pay Scheme[…]