With many sole traders and partnerships due to receive their Self Employed Income Support Scheme grant over the coming days, how does this affect Universal Credit claims?
With the application process now being open for the Self Employed Income Support Scheme many people who qualify will receive their grant over the coming weeks. If you are entitled to the grant and are currently claiming Universal Credit how does this affect the amount you will receive? The grant is taxable income and as such will […]
The coronavirus Statutory Sick Pay Rebate Scheme will launch online on 26/05/2020
We’re pleased to let you know that the coronavirus Statutory Sick Pay Rebate Scheme will launch online on 26 May. The scheme will enable employers with fewer than 250 employees to claim coronavirus-related Statutory Sick Pay (SSP). Tax agents will also be able to make claims on behalf of employers. You’re eligible to use the […]
The Self-Employment Income Support Scheme is now live but it is important you make the claim yourself and do not use your agent
The claims system for the Self-Employed Income Support Scheme (SEISS) went live yesterday, 13 May, for eligible customers to begin to make their claims and HMRC have confirmed the first day of claims has proceeded smoothly. HMRC appreciate the invaluable support agents provide to their clients in helping them prepare to claim a grant under […]
Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme until October 2020
The Chancellor has today confirmed that the furlough scheme is to be extended until the end of October and will remain at 80% of wages up to £2,500 per month. He confirmed the Government has backed workers and businesses going into lockdown and will continue to support them coming back out of lockdown. He also […]
Find out if you can use the Coronavirus Statutory Sick Pay Rebate Scheme to reclaim employees’ coronavirus-related Statutory Sick Pay (SSP).
The online service you’ll use to reclaim SSP is not available yet. HMRC will announce when the service is available and this guidance will be updated. The Coronavirus Statutory Sick Pay Rebate Scheme will repay employers the current rate of SSP that they pay to current or former employees for periods of sickness starting on or after […]
The current furlough scheme is due to finish at the end of June 2020 and the Chancellor, Rishi Sunak is expected to announce an extension this week
The current Coronavirus Job Retention Scheme is expected to be extended from June until the end of September 2020 but Rishi Sunak is expected to cut the payments to 60% of earnings. The Chancellor has also pledged to top up the wages of laid off workers who return to work on a part time basis. […]
This week HMRC will start to contact businesses who could be eligible for the SEISS and they have confirmed agents can’t make the claim on a clients behalf
This week HMRC have started contacting self-employed customers who we think could be eligible for the Self-Employment Income Support Scheme (SEISS), based on the information they provided in their 2018 to 2019 tax return. HMRC are inviting customers to use their online checker which will quickly confirm whether they are eligible and will give customers […]
If you’re self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) find out if you can use this scheme to claim a grant
The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. This is a temporary scheme, but it may be extended. If you receive the grant you can continue to work, start a new […]
New government backed loan scheme for small business looking to borrow between £2,000 and £50,000
Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders, the Chancellor announced yesterday (Monday 27 April). Rishi Sunak said the new Bounce Back Loans scheme, which will provide loans of up to £50,000, would help bolster the existing package of support available to the smallest […]
HMRC have released a step by step guide to claiming the Coronavirus Job Retention Scheme grant
If you are preparing a claim for the Coronavirus Job Retention Scheme grant and want further information on how to process the claim when the system becomes live on 20/04/20 HMRC have prepared a handy step by step guide for employers. Click here to download your copy. If you require any further guidance please contact us.