Today the Chancellor delivered a summer statement in the Commons presenting a financial package to support young people, help the housing market and improve the country’s struggling hospitality sector. Key points included: A job retention bonus, whereby businesses will be paid £1,000 for every eligible furloughed employee they bring back to work. A kickstart job […]
HM Revenue & Customs (HMRC) updated its guidance on the Coronavirus Job Retention Scheme (CJRS) to include details on how the scheme will change from 1 July to include flexible working For June and July, the Government will pay 80% of wages up to a cap of £2,500 for the hours the employee is on […]
The Chancellor has announced plans to end the Furlough scheme on 31 October 2020, with Government contribution levels gradually reducing from 1 August. From 1 July 2020, businesses will be given the flexibility to bring furloughed employees back part time – this is a month earlier than previously announced. Employers will be able to decide […]
Chancellor Rishi Sunak has today announced that the Coronavirus Job Retention Scheme will be extended by four months until the end of October. Employers will be able to bring back furloughed employees part-time, as part of the Government’s plan to re-open the economy. Until the end of July, there will be no changes ie workers […]
67,000 claims were made within 30 minutes of its opening. By the end of the day, 140,000 companies had applied for the scheme. The online system should be able to process 450,000 each hour, with approved claims being distributed by BACS within six working days. Jim Harra, Head of HMRC has indicated that employers who […]
We can help you get ready to make a claim under the Coronavirus Job Retention Scheme. If you are eligible for the scheme, there are things that you should be doing now to be ready for when the system is up and running later this month. In order to make a claim, you will need […]
We have a great deal of experience in assisting clients in securing funding, and are currently working hard to help businesses to access the various Government schemes. Please click here to read our summary of help available to you.
The Government has announced that the expansion of the off-payroll working rules, known as IR35, will be delayed in the light of the COVID-19 pandemic. As reported previously, the rules are designed to ensure that an individual who works like an employee, but through their own limited company, pays Income Tax and NI contributions as […]
Soon after announcing the new Coronavirus self-employed income support scheme, the Government has now set out further guidance for Employers on the Job Retention Scheme (or ‘Furlough’ scheme to take its familiar name!) The further guidance is helpful, in that it helps ensure compliance and gives a better practical understanding of how the grant funding […]
The 2020 Budget is still a few weeks away, but the NIC rates and thresholds have been announced, together with details for other payroll deductions. Employees will benefit from a primary class 1 threshold of £9,500, as promised in the Conservative party manifesto. Employers will start paying NIC sooner at £8,788 (so a small […]
