This is just a reminder about changes to the Coronavirus Job Retention Scheme from 1 September. The changes from 1 September From 1 September CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work. Employers will still need to pay furloughed employees 80% Read more about Reminder of changes to Job Retention Scheme from 1 September 2020[…]
Employers will be able to claim a one-off payment of £1,000 for every employee they have previously received a grant for under the Coronavirus Job Retention Scheme, and who remains continuously employed through to the end of January 2021. To be eligible, the employee must have received earnings in November, December and January, and must Read more about Job Retention Bonus[…]
From 1 April 2022 all VAT registered businesses must follow the new rules regardless of turnover. If you’re a VAT registered business with a taxable turnover above £85,000, you must follow the rules for Making Tax Digital for VAT unless: your business uses the VAT GIANT service – HMRC will contact you to tell you when the deadline Read more about Making Tax Digital for VAT as a business or sole trader[…]
Other new measures announced Today the Chancellor announced VAT cuts on food, accommodation, eat in or hot takeaways, cinemas, zoos and theme parks. From 15 July until 12 January 2021, the UK government will cut VAT from 20% to 5% on any eat-in or hot takeaway food and drinks from restaurants, cafes and pubs, excluding Read more about VAT cuts on food, accommodation, eat in or hot takeaways, cinemas, zoos and theme parks[…]
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 Read more about Job Retention Scheme bonus (Furlough)[…]
From 1 July, the new rules for furloughing employees came in, employers can bring furloughed employees back to work for any amount of time and any shift pattern, while still being able to claim under the Job Retention Scheme grant for the hours not worked. Employers will have until 31 July to make any claims for Read more about New furlough scheme from 1 July 2020[…]
The Government are keen to identify small to medium-sized businesses that would be interested in feeding back to Government information about their perspectives on current business needs. The plan is to set up discussion “round tables ” which would take place with Ministers on a twice weekly basis. To comply, a business needs to employ Read more about Do you run a business? Employee more than 1 person? and would you like to be involved in a round table discuss with ministers?[…]
On Friday (29 May) the Chancellor, Rishi Sunak, announced more details about the extension of the Self-Employment Income Support Scheme. The Self-Employment Income Support Scheme has been extended for those self-employed whose trade continues to be, or is newly, adversely affected by COVID-19 (coronavirus). Eligible self-employed people will be able to claim a second and Read more about Extension Self-Employment Income Support Scheme[…]
On Friday (29 May) the Chancellor, Rishi Sunak, announced more details about the extension of the Coronavirus Job Retention Scheme. The Chancellor announced three main changes to the job retention scheme: From 1 July 2020, the scheme will be made more flexible to enable employers to bring previously furloughed employees back part time and still Read more about Extension of the Coronavirus Job Retention Scheme[…]