CORONAVIRUS JOB RETENTION SCHEME – 23 MARCH 2020

Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis. All UK businesses are eligible. Eligibility: You will need to: designate affected employees as ‘furloughed workers,’ and notify your […]

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CYBER SECURITY – PLEASE BE EXTRA VIGILANT

The National Fraud Intelligence Bureau (NFIB) issued an urgent warning at the beginning of the month after identifying a growing amount of frauds involving coronavirus. There have continued to be an increasing amount of both email and telephone scams during the current crisis exploiting feelings of uncertainty. Please be extra vigilant when receiving incoming emails […]

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HELP FOR SELF EMPLOYED WORKERS

In addition to the National Coronavirus Job Retention scheme announced yesterday, Rishi Sunak said he would “strengthen the safety net for those who work for themselves” with – Sick Pay The Chancellor announced that “self-employed can now access in full universal credit at a rate equivalent to statutory sick pay for employees”. The current SSP […]

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Coronavirus Job Retention Scheme

Coronavirus Job Retention Scheme Further to a package of schemes to support business during the coronavirus crisis announced earlier this week, Chancellor Rishi Sunak announced a new job retention scheme yesterday. This will mean that UK workers of any employer who is placed on the Coronavirus Job Retention Scheme can keep their job, with the […]

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Statutory Sick Pay (SSP) for COVID19 – PAYROLL PROCESSING

The reclaiming of Statutory Sick Pay (SSP) for COVID19 has only just come into effect, this means that none of the payroll systems are currently designed to claim back SSP. If we process payrolls for you, it’s important to let us know if any employees are sick due to COVID19.  We will then keep a record of so when the repayment mechanism […]

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EMPLOYMENT TAXES – BUDGET 2020

National Insurance thresholds The government has recently announced National Insurance thresholds for 2020/21. Most thresholds will rise with inflation. Two thresholds, however, will rise by 10% from £8,632 to £9,500: the primary threshold – which sets the level at which employees start to pay Class 1 National Insurance contributions (NICs) the lower profits limit – […]

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