If you were eligible for the first Self Employed grant and can confirm to HMRC that your business has been adversely affected by Covid-19 on or after 14th July 2020, you will be able to make a claim for a second and final grant from 17th August 2020. This second and final grant is sightly…

Key points below from the Summer Economic Update by Chancellor of the Exchequer Rishi Sunak, including a very welcome VAT rate cut in the hospitality and tourism sector: – New £1,000 job retention bonus per employee for Employers who bring back furloughed staff until at least January 2021 (payable for each employee earning at least…

Changes to the Coronavirus Job Retention Scheme (Furlough). From 1st July you will: – only be able to claim for employees who have previously been furloughed for at least 3 consecutive weeks between 1 March and 30 June 2020. – be able to flexibly furlough employees – this means you can bring your employees back…

The scheme has been extended from 3 months to 4 months. Furlough letters need a start date and an end date. New letters can and should be issued if the furlough is to continue past the original end date. Directors need a meeting minute to confirm the fact that Director(s) have been furloughed, as well…

Agents are NOT allowed to complete the claim on your behalf. Although they can talk you through it online. HMRC will calculate whether you qualify for the self employed grant based on the submitted tax returns after 23rd April (the date by which all late 2018/19 tax returns need to be submitted by in order…

The long awaited support for the Self Employed has been announced and will be in line with Employees support. Self employed people will be able to claim 80% of their average monthly profit over the past 3 years (up to £2.5k per month) as long as they had a 2019 tax return submitted to HMRC.…

I thought it would be useful to give a summary of the key changes and updates for Employers for both the new 2020/21 tax year and coronavirus support from HMRC, so have summarised the key points below: From 1st April 2020 the National Minimum Wage will increase to £8.72 for workers aged 25 and over,…