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Extension to Furlough Scheme – and more on reclaiming it

18th April 2020

The Furlough Scheme (CJRS – Coronavirus Job Retention Scheme) was, unsurprisingly, extended in a government announcement yesterday (Friday 17 April). Originally set to run until 31 May, it has been extended to 30 June. The government has said it ... [Continue Reading]

Furlough Pay Reclaiming – An Update

16th April 2020

cashflow

Guidance on reclaiming furlough pay (Coronavirus Job Retention scheme – CJRS) has been updated by HMRC. This is a summary of the main changes. Change of date While not directly related to claiming, some of the dates have been changed, which will ... [Continue Reading]

Furlough pay claims

11th April 2020

Employers want to know about reclaiming furlough pay (CJRS – Coronavirus Job Retention Scheme). A little more information came to light following a meeting of The Treasury Select Committee where HMRC Chief Executive, Jim Harra, was asked ... [Continue Reading]

CBILS and other loans

10th April 2020

Maybe you are one of the businesses seeking support through the CBILS (Coronavirus Business Interruption Loan Scheme) – or need other support. CBILS is a loan made to the business for up to 6 years. The money comes from an approved lender and the ... [Continue Reading]

Directors and Furlough

6th April 2020

Whether or not directors can be furloughed is the most common question we are being asked. The answer is “maybe”. Not very helpful but much confusion surrounds this issue. The first sentence of the most recent guidance from HMRC says: “As ... [Continue Reading]

Get your Tax Return (and Accounts) done

6th April 2020

Getting your tax return for 2019/20 submitted may not seem like a priority right now but many people will be due a refund so getting your tax return submitted quickly will mean you get your money sooner. There are other reasons why it will make sense ... [Continue Reading]

Home working – Tax Free payments

3rd April 2020

Many employees are working from home. An employer can make some tax-free payments to employees, although it isn’t compulsory, - and it’s not a lot. Home working allowance Someone working from home will incur extra costs, including heating etc. They ... [Continue Reading]

Coronavirus Business Interruption Loan Scheme

31st March 2020

The Coronavirus Business Interruption Loan Scheme (CBIL) sounds great. 12 months interest paid by the government. The government will also pay any fees. Why isn’t every business applying? Maybe it isn’t quite as simple or straightforward as it ... [Continue Reading]

Furlough – Calculating what to pay

29th March 2020

Calculating what an employee on furlough needs to be paid has led to a number of queries. Guidance has been issued and a summary might help. Cut off Only employees which were on the payroll on 28 February 2020 can be furloughed. This is the first ... [Continue Reading]

Self-Employed Covid-19 Help

27th March 2020

The self-employed were the subject of the Chancellor’s announcement on Thursday. Anything is welcome but not everything is crystal clear. As with most of the initiatives announced, there are big question marks over some of the proposed ... [Continue Reading]

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Sileby,
Loughborough,
LE12 7PU


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