Job Retention Bonus

Coronavirus Job retention bonus

The Job Retention Bonus is a one-off payment to employers of £1,000 for every employee who they previously claimed for under the scheme, and who remains continuously employed through to 31 January 2021. Eligible employees must earn at least £520 a month on average between the 1 November 2020 and 31 January 2021. Employers will … Read more

Tax Credits Renewal 2020

Tax Credits renewal 2020

Time to Renew Tax Credits HM Revenue and Customs (HMRC) is reminding tax credits customers that they need to tell HMRC about any changes in their circumstances or income by 31 July. Tax credits help working families with targeted financial support so it is important that people don’t miss out on money that they are entitled to. Renewing tax credits online is quick … Read more

Hospitality and Accommodation Reduced VAT

Hospitality and accommodation reduced VAT rate

Further support for hospitality and accommodation businesses in the form of reduced VAT. The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies relating to: hospitality hotel and holiday accommodation admissions to certain attractions The temporary reduced rate will apply … Read more

Eat Out to Help Out

Eat Out to Help Out

Restaurants and other establishments serving food for on premises consumption can now sign up to a new government initiative ‘Eat Out to Help Out’ aimed at protecting jobs in the hospitality industry and encouraging people to safely return to dining out. The Eat Out to Help Out registration page went live this morning on GOV.UK, … Read more

Chancellor’s Plan For Jobs 8th July 2020

Chancellor's plan for jobs

The Chancellor Rishi Sunak has set out his plan for jobs which he hopes will spur the UK’s recovery following the Coronavirus pandemic. Delivering his Summer Economic Update in Parliament, the Chancellor announced a package of measures to support jobs in every part of the country, give businesses the confidence to retain and hire, and … Read more

Flexible Furlough

Flexible Furlough COVID-19 Coronavirus

As of the 1st July, 2020 the furlough scheme is to change to allow flexible furloughing. This will mean that employers can bring staff back on a flexible, part time basis. So far the furlough scheme has helped protect more than 9.3 million jobs during the coronavirus pandemic, with companies claiming over £25.5 billion for … Read more

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Limited company Formation

From AJR & Co Ltd