Chancellor extends furlough scheme to end of June
The Coronavirus Job Retention Scheme has been extended by one month to reflect continuing social distancing measures. The Scheme is now set to cover furloughed workers from 01/03/2020 to 30/06/2020.
The Government have extended the furlough scheme to include new starters
The Coronavirus Job Retention Scheme has been extended to now include employees who started a new job at the beginning on March 2020. The scheme has been extended to 19 March 2020 from the original date of 28 February 2020 meaning any employee who started a new job up to 19 March 2020 can now […]
HMRC have published details of the grant scheme if you’re self-employed or a member of a partnership in the UK and have lost income due to coronavirus (COVID-19)
The online service you’ll use to claim is not available yet. HMRC will aim to contact individuals by mid May 2020, and will make payments by early June 2020. This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 a month. It will […]
What information do you need to make a claim?
HMRC have now provided a list of information required to make a claim when the new system becomes live on 20 April 2020. It has been confirmed you’ll need to provide the following to make a claim: If you use a registered agent who is authorised to act for you for PAYE purposes, they will […]
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Full guidance including updates to the coronavirus job retention scheme from H M Revenue & Customs
Full guidance including updates to the coronavirus job retention scheme from H M Revenue & Customs
Chancellor Rishi Sunak is set to announce an overhaul to the coronavirus business interruption loan scheme
Chancellor Rishi Sunak is reportedly set to announce an overhaul to the coronavirus business interruption loan scheme that will allow businesses better access to emergency loan finding. It has been widely reported that the current structure of loan schemes is not working as expected with banks pushing normal business loans, high interest rates and personal […]
Keep you eyes wide open when entering into any financial agreement for help
Firstly we would like to say this article is only to make you aware of the potential pitfalls currently faced by business people during the current crisis. If you are struggling financially then of course you should take the assistance available as we all still have bills to pay and families to feed but what […]
Full details of the coronavirus job retention scheme have now been announced by H M Revenue & Customs
Guidance for employers on the coronavirus (COVID-19) Job Retention Scheme The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. HMRC expect the scheme to be up and running by the end of April. It is designed to support employers whose […]
The Chancellor has announced measures aimed at financially supporting self-employed and freelance workers during the coronavirus crisis
The latest financial assistance measures for the self-employed and freelance workers has been announced by the chancellor. He has confirmed the support is similar the that received by employed workers however there is a significant delay in being able to claim.