Chancellor of the Exchequer Rishi Sunak has outlined further details on how the government support for employers will operate during the easing of lockdown measures and as the government encourages employees to return to work.
Continue readingCategory Archives: Tax
COVID19: Tax-Free Childcare and 30 hours free childcare changes eligibility have changed during Coronavirus
Temporary changes have been made to the eligibility criteria for Tax-Free Childcare and 30 hours free childcare, during coronavirus.
The changes may affect you if you, or someone you live with, are:
- on furlough
- not able to work or you’re working less
- self-employed
- a critical worker
COVID19: Extension to the Self-Employment Income Support Scheme announced (SEISS)
This evening, Friday 29 May 2020, the Chancellor confirmed that a second and final grant is being made available through SEISS. It will cover June to August and applications will open in August.
Continue readingCOVID19: Proposed changes to the Coronavirus Job Retention Scheme (CJRS)
Latest COVID19 Job Retention Scheme CJRS proposed changes – announced 29 May 2020 – The Chancellor has announced the government’s plans to change the CJRS which will now be re-engineered to support businesses sending staff back to work. Employers will be able to put staff on part-time furlough, claiming the CJRS grant for a portion of their salary.
Continue readingCOVID19: Local Authority Discretionary Grant Fund websites
Some Local Authorities are now starting to publish application forms for the Discretionary Grant Fund, some of which require a fair amount of supporting documentation.
Continue readingCOVID19: Disincorporation – what you need to know before dissolving your limited company
The ongoing lockdown may be the catalyst for many limited company owners to change their business model in order to survive or to create a simpler way of working. One option is to disincorporate – in other words, dissolve the limited company and, if the business is still viable, operate as a sole trader instead.
Continue readingIs Homeworking The New Normal?
After being instructed to work from home due to Covid19, a number of companies have unexpectedly realised that homeworking could become the new normal. The CEO of Barclays was reported saying that big offices ‘may be a thing of the past’ after just six weeks of lockdown.
Continue readingCOVID19: Coronavirus Statutory Sick Pay Rebate Scheme set to launch
The Government has announced a new online service which will be launched for small and medium-sized employers to recover Statutory Sick Pay (SSP) payments which they have made to their employees.
Continue readingCOVID19: Local Authority Discretionary Grant Eligibility for Businesses
The Government has finally issued local authorities with detailed guidance regarding the Discretionary Grant scheme. This additional fund is aimed at small businesses who were not eligible for the Small Business Grant Fund or the Retail, Leisure and Hospitality Fund. It widens access to support to businesses who are struggling to survive due to the Corona virus shutdown, but are unable to access other grant funding.
Continue readingCOVID19: Extension to October for the Coronavirus Job Retention Scheme Confirmed
The Coronavirus Job Retention Scheme (CJRS) is the UK scheme to pay wages of workers on leave because of coronavirus. Chancellor Rishi Sunak has confirmed today that this scheme will be extended to October 2020.
Continue reading