With the dramatic impact Covid-19(Coronavirus) and the resulting lockdown, there has been a lot of confusion over what support can provided including how business insurance policies can help and what obligations you have. The answer to those questions can be complex. In order to help – our sister company, Wootton Taylor Insurance Brokers, has provided
New Support for Businesses – Winter Update September 2020 Additional government support has been announced this week for businesses and employees impacted by coronavirus (COVID-19) across the UK. Further information on these new schemes is available in this update and on GOV.UK, by searching ‘Winter Economy Plan 2020’. Job Support Scheme A new Job Support
SEISS – Self Employement Scheme Second Phase The scheme is now closed to new claims for the first grant. The scheme has been extended. If you were eligible for the first grant and can confirm to HMRC that your business has been adversely affected on or after 14 July 2020, you’ll be able to make
Chancellors Announcement- Jobs, Training and VAT in Brief Apprenticeships and Support for Young Workers Support for young workers “Kickstart scheme”: £2bn fund to pay for six-month work placements for 16 to 24-year-olds on universal credit Payments cover national minimum wage for 25 hours per week, plus national insurance and pension contributions for Great Britain £1,000
Furlough Pay New Phase – CJRS V2 The first version of the CJRS, whereby employees had to be furloughed full time, ended on 30 June and the deadline for claims is 31 July. In its guidance, ICAEW’s tax faculty highlight that before HMRC published its full guidance there were suggestions that employers would have to
The opportunity to claim the first grant will be lost after 13 July. HMRC subsequently amended the guidance to state that if a business has been adversely affected because of Covid-19 at any point up to 13 July, they will qualify for the first SEISS grant (assuming all other conditions are met). Only if a
On 29 May the Chancellor, Rishi Sunak, announced more details about the extension to the Coronavirus Job Retention Scheme (CJRS), with the key details outlined below for you. Flexible furloughing. Please Note: Employees must already have been furloughed in June for a full 3 weeks prior to 30 June to be included in this flexible
All the Latest Developments can be found here! Check out if you are eligible for financial help or if you need advice going back to work or bringing back your employees to work! Extension to Funding for Self employment Income Support Scheme (SEISS)Find out about the extension to the schemeThis scheme is being extended. You’ll
If you havent done so already, you must start the claim process by clicking on the link below – online checker tool.- and checking your eligibility. Those who are eligible will be able to claim a taxable grant worth 80% of their average trading profits up to a maximum of £7,500 (equivalent to three months’
This scheme will launch on 4 May 2020. The Bounce Back Loan scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. Loan terms will be up to 6
Claim for your employees’ wages through the Coronavirus Job Retention Scheme Find out if you’re eligible and how much you can claim to cover wages for employees on temporary leave (‘furlough’) due to coronavirus (COVID-19).Published 26 March 2020Last updated 27 April 2020 — see all updatesFrom:HM Revenue & Customs New Update: Claims are now being paid
