As the Government is encouraging everyone to work from home when they can, don’t forget you can claim tax relief for your home office
Working from home can be a challenge. Constant interruptions from children, partners, pets or all three. Your house is full of temptations from the pile of washing up to the box set you nearly finished on Netflix. However, we are all learning to adapt to a new way of working, in your own home. Whilst […]
An explanation of how holiday entitlement and pay operate during the coronavirus pandemic, where it differs from the standard holiday entitlement and pay guidance
Currently with non essential travel in the UK prohibited it looks like many of our holiday plans will be changing this year but how are the rules changing for holiday entitlement and pay for employees and how does this interact with furlough payments? Here is our guide to help you understand the changes. Tip: Rules […]
HMRC has announced that the introduction of the domestic reverse charge for construction services will be delayed until 1 March 2021 due to the impact of the coronavirus pandemic. What do you need to know?
What is the reverse charge? Rules are being introduced to tackle VAT fraud within the construction industry. The reverse charge means that the customer who gets supplies of construction services must account for the VAT due on these supplies on their VAT return, rather than the supplier. What’s changed? The new rules were due to take effect […]
There’s new guidance about deductions from pay for employees furloughed under the Coronavirus Job Retention Scheme (CJRS). What’s the full story?
Grant-funded pay. Since the Coronavirus Job Retention Scheme (CJRS) began HMRC has fielded thousands of questions about whether deductions from salary are allowed to be made from scheme payments. HMRC has now amended its guidance, but is it any clearer? Is that clear? Our view is that HMRC’s apparent clarification could be better. It says “Your employer must […]
The final date to put staff on furlough is Wednesday 10th June 2020
As part of changes to the Coronavirus Job Retention Scheme (CJRS), We’ve outlined below important dates that may impact you in the coming weeks. Important dates – what you need to know now The future of the scheme Making changes to your claims if you have over-claimed If you’ve made an error in a CJRS […]
The government has announced a new tax exemption for employees who work from home and need to buy equipment to do their job. What’s the full story?
Homeworkers. The government has drafted new rules in a move to help employees who are working from home as a result of the coronavirus pandemic. HMRC has created a temporary exemption so that if an employee buys equipment, e.g. a PC, so they can do their job at home their employer can reimburse them the cost […]
Full details from HMRC of the changes to the Coronavirus Job Retention Scheme and Self Employed Income Support Scheme
On Friday (29 May) the Chancellor, Rishi Sunak, announced more details about the extension of the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme, and we’ve outlined these below for you. Coronavirus Job Retention Scheme The Chancellor has announced three changes to the job retention scheme: 1. Part time furloughing From 1 […]
The Chancellor has now provided details of his proposed changes to the furlough scheme between 1 July 2020 and the end of the scheme on 31 October 2020
During today’s Downing Street coronavirus briefing the Chancellor has announced the changes to the Coronavirus Job Retention Scheme to be implemented between 1 July 2020 and 31 October 2020 when it ends. The Chancellor said, as we re-open the economy the furlough scheme can’t continue indefinitely. Employers will be asked to contribute to the scheme […]
The Chancellor has today announced an extension to the self employed income grant with applications open from August 2020
During today’s Downing Street briefing the Chancellor has announced an extension to the Self Employed Income Support Scheme. Applications can be made from August 2020. The grant will work the same as the original grant with a single payment covering 3 month of average earnings however the rate has been reduced to 70% of profit […]
The government has introduced temporary changes that may affect individuals applying for, or already getting, Tax-Free Childcare or 30 hours of free childcare. What do you need to know?
What is Tax-Free Childcare (TFC)? Well, it isn’t completely tax-free childcare, it’s a 20% tax-free bonus to help with childcare costs. Working parents can open a TFC account which is topped up by £2 for every £8 contributed, up to a maximum of £2,000 per child, per year. The money is then used to pay a […]