Government financial help to Businesses

Financial assistance COVID-19

Financial assistance for Businesses during COVID-19 Since the announcement of financial assistance to businesses which employ staff under PAYE, we await the set-up of the HMRC portal through which it is intended that businesses will claim the 80% rebate. It appears that companies can make a claim having designated which staff are ‘furloughed’ i.e. those … Read more Government financial help to Businesses

Payment dates to HMRC

HMRCnews and updates coronavirus (covid-19)

Payment dates to HMRC changed due to COVID-19 With the outbreak of COVID-19 gripping the nation HMRC have announced some changes to the payment dates for VAT and Self-assessment. I would like to take this opportunity to clarify that although there has been a change to the payment deadlines the returns still have to be … Read more Payment dates to HMRC

Coronavirus Support

HMRCnews and updates coronavirus (covid-19)

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by the Coronavirus. This includes a package of measures to support businesses including: a Coronavirus Job Retention Scheme deferring VAT and Income Tax payments a Statutory Sick Pay relief … Read more Coronavirus Support

CORONAVIRUS JOB RETENTION SCHEME

Coronavirus job retention scheme

The aim of the Coronavirus job retention scheme is to avoid people losing their jobs altogether, the government will reimburse 80% of the wage costs of “furloughed workers”, ie workers who are sent home and do not do any further work for the organisation. All UK employers, including charitable or non-profits, are eligible. Employers need … Read more CORONAVIRUS JOB RETENTION SCHEME

IR35 private sector reforms delayed

Changes to furlough scheme and self employment income support scheme

IR35 private sector reforms to be delayed until 2021. The government has announced the one year delay to the off payroll working rules amid concerns of the covid-19 pandemic. Plans were announced at the end of the parliamentary debate on the Budget speech. “The government is postponing the reforms to the off payroll working rules- … Read more IR35 private sector reforms delayed

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Limited company Formation

From AJR & Co Ltd