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 […]
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. […]