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 Chancellor’s Plan For Jobs 8th July 2020
The self assessment second payment on account (due 31st July, 2020) can be deferred until 31st January 2021. You have this option if you’re: registered in the UK for Self Assessment and finding it difficult to make your second payment on account by 31 July 2020 due to the impact of coronavirus You can still … Read more Self Assessment Payment Deferrals
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 Flexible Furlough
HMRC has announced a five-month delay to the introduction of the VAT reverse charge for construction services, due to the impact of the coronavirus pandemic. The new rules mark a complete overhaul of the way VAT is payable on building and construction invoices, as part of moves to reduce fraud in the sector. Under the … Read more VAT reverse charge on construction services
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 Business interruption insurance
It has been announced that the Chancellor Rishi Sunak has plans to extend the Self-Employment Income Support Scheme. This will mean that traders and the self-employed will be able to make a second claim if their business continues to be affected by COVID-19. The second claim will be made in August and will be a … Read more Self-Employment Income Support Scheme
The current furlough scheme is being updated to enable flexible furloughing. From 1 July 2020, you’ll have the flexibility to bring previously furloughed employees back to work part-time – with the government continuing to pay 80% of wages for any of their normal hours they do not work up until the end of August. This flexibility … Read more Furlough Scheme Changes
The Large Business Interruption Loan Scheme which has been put in place to offer support to larger businesses affected by coronavirus. The scheme will help medium to large sized businesses to access loans or finance up to £200 million. The government will guarantee 80% of the finance to the lender. Who can apply? The eligibility … Read more Large Business Interruption Loan Scheme
After recent Government announcements some businesses are considering the return to work for certain employees. The guidance though is clear, employers must complete a COVID-19 Risk Assessment and display a notice when they have done so. The aim of the COVID-19 Risk Assessments is to ensure the businesses have the relevant practices in place to … Read more COVID-19 Risk Assessment
In 2019 AJR & Co Ltd took the decision to launch an online portal. We would like to take this chance to briefly explain the benefits for those clients yet to sign up. The online portal is great for keeping all the documents in one place – no more trawling through your inbox looking for … Read more AJR & Co Ltd Online portal
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