The Coronvirus Job Retention Scheme (CJRS) will come to a close on 30 September 2021. The grant claims for employees furloughed in the month of September are 60% of the employee’s usual pay up to a maximum cap of £1,875. Make sure that you make your final claims for the month of September by 14 […]
The temporary 5% VAT rate that has applied to supplies made in the tourism and hospitality sector since the start of the pandemic comes to an end at the end of September. The rate then increases to 12.5% from 1 October until 31 March 2022 when it reverts to the standard rate. For those businesses […]
The Coronavirus Job Retention Scheme has been extended until 30 September 2021. For claims relating to August and September 2021, the government will pay 60% of wages up to a maximum cap of £1,875 for the hours the employee is on furlough. Claims for furlough days in August 2021 must be made by 14 September […]
CJRS claims for July can now be submitted and must be made by Monday 16 August. Employers can claim 70% of furloughed employees’ usual wages for the hours not worked, up to a cap of £2,187.50 per month. They will need to pay the difference, so that they continue to pay furloughed employees at least 80% […]
As we move towards a post-pandemic recovery and the economy begins to stabilise in the next few months, businesses face new challenges and will have to adapt to a new normal. Supply chain issues Supply chains were disrupted as producers and manufacturers shut down during the pandemic. Some businesses are now facing difficulties in obtaining […]
The fifth (and final) SEISS grant is now available for the self-employed, HMRC will contact those traders that may be eligible with their claim date. The eligibility criteria remain broadly the same as the fourth grant. Self-employed profits in 2019/20 must not exceed £50,000 and must be more than 50% of your total income. If […]
If you have fewer than 250 employees and have paid sick pay for coronavirus related absence, don’t forget you may be able to claim a rebate. You can claim if: you have already paid your employee’s sick pay (use the SSP calculator to work out how much to pay) you’re claiming for an employee who’s […]
With many businesses recovering from the challenges of the COVID 19 crisis it is vital to remain extra vigilant about the current surge of HMRC scams. Criminals are taking advantage of many individuals and businesses who have been dealing with financial insecurity and uncertainty – using more and more sophisticated methods. The current known scams […]
The fifth (and final) SEISS grant will be available for the self-employed to claim towards the end of July. The eligibility criteria remain broadly the same as the fourth grant. Self-employed profits in 2019/20 must not exceed £50,000 and must be more than 50% of your total income. If that test is not met, then […]
The numerous changes in the method of calculating CJRS furlough grants will no doubt have resulted in errors by some employers. Remember that you are required to tell HMRC about overclaimed CJRS grants as part of your next claim. You will be asked when making your claim whether you need to adjust the amount down […]
