Maintaining your NIC contributions record during Covid-19
The Covid-19 pandemic has meant that many people will suffer a reduction in income in 2020/21. Not all individuals are eligible for support under the Coronavirus Job Retention Scheme or the Self-Employment Income Support scheme, and those who are eligible for the grants will not generally receive their full...
HMRC Have Published Additional Information on the Job Retention Bonus
Job Retention Bonus 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 (CJRS), and who remains continuously employed through to the end of January 2021. To be eligible, the employee must receive earnings...
CJRS Update
What you need to do 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. You will still need to pay your furloughed employees at least 80% of their usual...
HMRC Invites Hospitality Industry To Register For Eat Out To Help Out
Registrations for the Eat Out to Help Out Scheme start today (13 July 2020). Restaurants and other establishments serving food for on-premises consumption can now sign up to a new government initiative aimed at protecting jobs in the hospitality industry and encouraging people to safely return to dining out. The Eat...
Coronavirus Job Retention Scheme (CJRS) – Individuals You Can Claim For Who Are Not Employees
From 1 July 2020 “Flexible Furlough” was introduced and the calculations and time recording of full-time, part-time and fully furloughed employees has become more complicated. Changes are occurring regularly as the government and HMRC make clarifications to the scheme. If you have any queries regarding your claim talk to us...
C19 Business News Update: Government Announces “Bounce Back” Loans
The Government has announced a new 100% Government backed loan scheme for small businesses. Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders, the Chancellor announced. Rishi Sunak said the new Bounce Back Loans scheme, which provides loans of up to...
The 2019/20 Tax Year Is Over: Here’s What You Need to Do Now
The 2019/20 tax year has ended. That news might almost come as a surprise. I mean, amidst all the upheaval we’ve been experiencing since the outbreak of coronavirus, I wouldn’t blame you if you forgot. But 5th April came and went and despite all that’s going on, it’s now time to start...
Coronavirus Job Retention Scheme…..Your Top 48 FAQs
Updated Monday 6 April Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. This applies to employees who have been asked...
