From 1st July 2021, the Government’s Furlough Grant Scheme reduces from 80% to 70% of furloughed employees’ wage costs for their unworked hours, at a cap of £2187.50. Pay for furloughed employees must remain at a minimum of 80% at a cap of £2500 which means that employers will now
If your business deferred paying VAT due in the period from 20 March to 30 June 2020 and can’t afford to pay by 31 March 2021, you can join the VAT deferral new payment scheme and pay the deferred VAT over a longer period. The online service will open on
The Chancellor of the Exchequer has announced a major update to the Job Support Scheme on the 22nd October 2020. The scheme launches on the 1st of November, the day after furlough ends so there’s not much time left to account for this grant inline with your plans for your staff. Here’s
What is the Job Retention Bonus? The Job Retention Bonus provides additional support to employers who keep on their furloughed employees after the CJRS ends on the 31st October 2020. This is a one-off payment to employers of £1,000 that can be claimed for any employee where a: CJRS grant
This was updated by The Chancellor of the Exchequer on the 22nd October 2020. To see a summary of these updated please see our post Job Support Scheme – Updated 22nd October 2020 Please also visit HMRC for the latest update. With all the government support schemes out there, what
The furlough scheme is changing and tomorrow, 10th June 2020. From the 1st July 2020, if an employee or director hasn’t been furloughed under the current scheme i.e. furloughed for 3 full consecutive weeks, you will not be able to make a furlough claim for that employee or director under
The UK Government is introducing a business rates holiday for retail, hospitality and leisure businesses that have to close as a result of Covid-19 restriction measures.
In a national effort to protect jobs the government is set to pay 80% of employee wages for those not able to work due to Covid-19 and the measures to restrict the virus.
In the latest step to protect individuals and businesses, the Chancellor, Rishi Sunak has announced a scheme to support people who are self-employed in the UK.
70% of professionals work remotely at least once a week, according to a study by serviced office provider IWG. Remote working has become more and more common as developments in technology have allowed us to communicate and collaborate no matter where we are. In fact, most of us are already logging on from home or holiday.