Job Support Scheme expanded for businesses required to close

Job Support Scheme

The Job Support Scheme has been expanded to include support for businesses required to close due to local restrictions. Extension of the Job Support Scheme (JSS) The new Job Support Scheme has been expanded to offer support to businesses across the UK that are required to close their premises due to coronavirus restrictions. Businesses required … Read more

Business interruption insurance

FCA look in to business interruption insurance claims

The FCA (Financial Conduct Authority) are seeking legal clarity on business interruption insurance during the coronavirus (COVID-19) crisis. The coronavirus pandemic has led to widespread disruption and business closures resulting in substantial financial loss. Many customers have made claims for these losses under their BI insurance policies. There has been widespread concern about the lack … Read more

Coronavirus Statutory Sick Pay

Coronavirus Job retention bonus

The coronavirus Statutory Sick Pay Scheme is due to launch on the 26th May, 2020. This scheme will enable employers with fewer than 250 employees to claim coronavirus- related Statutory Sick Pay. Eligibility criteria for the online scheme is as folloes: you’re claiming for an employee who’s eligible for sick pay due to coronavirus the … Read more

Job Retention Scheme

Job retention scheme COVID-19

Under the job retention scheme employers can claim 80% of their furloughed staff wages back, HMRC are still working on the portal but once it is ready the following information will be needed: The PAYE reference number Number of employees being furloughed The start and end date of the claim Amount to be claimed Company … Read more

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

Payment dates to HMRC

Job retention scheme extended

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

Coronavirus Support

Job retention scheme extended

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 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

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