Coronavirus Job Retention Scheme – changes from 1‌‌‌ October

Posted on 25th September 202014th October 2020 by Samantha Nicholson

From 1‌‌‌ October, HMRC will pay 60% of usual wages up to a cap of £1,875 per month for the hours furloughed employees do not work. Employers will continue to pay furloughed employees at least 80% of their usual wages for the hours they do not work, up to a cap of £2,500 per month. Employers will need to fund the difference between this and the CJRS grant themselves. The caps are proportional to Read more about Coronavirus Job Retention Scheme – changes from 1‌‌‌ October […]

Plastic bag tax charge to be doubled and extended to all retailers

Posted on 7th September 2020 by Samantha Nicholson

The fee for plastic shopping bags in England will be doubled to 10 pence and extended to all shops from April 2021. Small retailers, those employing 250 people or fewer, will no longer be exempt, the Department for Environment, Food and Rural Affairs (Defra) said. According to Defra, since the charge was first introduced in Read more about Plastic bag tax charge to be doubled and extended to all retailers[…]

Advisory fuel rates for company cars

Posted on 4th September 20207th September 2020 by Samantha Nicholson

New company car advisory fuel rates have been published which take effect from 1 September 2020. The rates only apply to employees using a company car. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply.’ The advisory fuel rates for journeys undertaken on Read more about Advisory fuel rates for company cars[…]

Kickstart Scheme opens for applications

Posted on 3rd September 20207th September 2020 by Samantha Nicholson

Yesterday, 2nd September 2020, the government’s £2 billion Kickstart Scheme opened for employer applications. What is the Kickstart Scheme? The scheme is part of the Plan for Jobs announced during Chancellor Rishi Sunak’s July Summer Economic Update. The Kickstart Scheme aims to create work placements for young people who are at risk of becoming unemployed Read more about Kickstart Scheme opens for applications[…]

Reminder of changes to Job Retention Scheme from 1‌‌‌ ‌September 2020

Posted on 20th August 202018th August 2020 by Samantha Nicholson

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[…]

Job Retention Bonus

Posted on 18th August 202017th August 2020 by Samantha Nicholson

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[…]

Claims Now Open for Second Self-employed Support Grant

Posted on 17th August 202024th August 2020 by Samantha Nicholson

Those eligible for the Self-Employment Income Support Scheme can now claim a second grant covering 70% of their average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits and capped at £6,570 in total.

Making Tax Digital for VAT as a business or sole trader

Posted on 31st July 2020 by Samantha Nicholson

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[…]

VAT cuts on food, accommodation, eat in or hot takeaways, cinemas, zoos and theme parks

Posted on 8th July 2020 by Samantha Nicholson

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[…]

Job Retention Scheme bonus (Furlough)

Posted on 8th July 2020 by Samantha Nicholson

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)[…]