Information on the Job Support Scheme is sketchy to say the least. The scheme was only announced yesterday and the Factsheet issued by HMRC shortly afterwards is relatively short (four pages). It refers to further guidance to follow. If you want ... [Continue Reading]
VAT Rate Reduction
VAT on sales is being reduced for hospitality, hotel and accommodation and attractions businesses. The reduction is substantial – down to 5%. It is effective from Wednesday – 15 July – and will last until 12 January 2021. Both these dates are in the ... [Continue Reading]
Eat Out to Help Out
Eat Out to Help Out starts in August. A 50% discount to your customers should help. To qualify for government support for the scheme, your business needs to be registered. Registration starts on Monday, 13 July. If you want to be able to offer the ... [Continue Reading]
Furlough – July 2020
The guidance for the Furlough scheme (CJRS) has been updated on 12 June, as promised. However, the updated guidance still leaves questions unanswered. This is an outline of the main points of the scheme from 1 July: Claim periods must be for ... [Continue Reading]
Furlough Extension
Furlough Scheme changes were announced by the Chancellor, Rishi Sunak, on Friday afternoon. This was followed by an emailed update later that evening and, subsequently, a Factsheet was issued. An extension to the Self-Employed Income Support ... [Continue Reading]
Child Benefit – Register or risk losing it
Quite a few people haven’t bothered to register for Child Benefit because they assumed there was no point because they would only have to repay it. Reductions in income because of coronavirus may bring them under the threshold where they don’t ... [Continue Reading]
Extension to Furlough Scheme – and more on reclaiming it
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
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
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]
