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Category: Employer

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Chancellor unveils new Job Support Scheme

The new Job Support Scheme The Chancellor Rishi Sunak has outlined additional government support to provide certainty to businesses and workers impacted by coronavirus across the UK. The package of measures, which applies to all regions and nations of the UK, includes: Support for workers and employers A new Job Support Scheme will be introduced…
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Maintaining your NIC contributions record during Covid-19

Maintaining your NIC contributions record during Covid-19 The Covid-19 pandemic has meant that many people will suffer a reduction in income in 2020/21. Not all individuals are eligible for support under the Coronavirus Job Retention Scheme or the Self-Employment Income Support scheme, and those who are eligible for the grants will not generally receive their…
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Bonus for retaining staff when CJRS ends

Bonus for retaining staff when CJRS comes to an end The Coronavirus Job Retention Scheme (CJRS) has provided a lifeline to millions of employees and their employers during the Covid-19 pandemic. As at 19 July 2020, 9.5 million employees had been furloughed by 1.2 million employers, benefitting from support totalling £29.5 billion. As with all…
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Are the Coronavirus payments taxable ?

Tax implications of Covid-19 support payments Various support payments are available to individuals and businesses to help mitigate the effects of the Covid-19 pandemic. Are the payments taxable and how should they be treated? Payments under the Coronavirus Job Retention Scheme? Grants payments made under the Coronavirus Job Retention Scheme (CJRS) for fully furloughed and…
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Seven important things to know about the new flexible furlough rules

1. Who can I place on flexible furlough? From 1 July 2020 only employees that you as an employer have claimed for previously will be eligible for more grants under the Job Retention Scheme. This means they must have previously been furloughed for at least three consecutive weeks taking place any time between 1 March…
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Flexible Furlough Scheme – 1st July 2020

Flexible Furlough Scheme – 1st July 2020 There are changes being made to the furlough scheme with effect from 1st July and that means that if you are an employer you need to be aware of how you can bring staff back to work and claim the furloughed grant for the hours they do not…
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Job Retention Scheme and Self Employed Income Support Scheme – Update 1st June 2020

On Friday (29th May) the Chancellor announced some changes to the Coronavirus Job Retention Scheme and the Self employed Income Support Scheme. Here are the details: Coronavirus Job Retention Scheme (CJRS) – Important Update 29th May 2020 The Chancellor has announced three changes to the job retention scheme: 1. From 1‌‌ July 2020, the scheme…
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How to calculate Statutory Redundancy Pay

How to calculate statutory redundancy pay While some help is available to employers through the Coronavirus Job Retention scheme to help them keep staff on during the COVID-19 pandemic, in some cases, it may not be possible to avoid making staff redundant. Where staff are made redundant and have at least two years’ continuous service,…
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Covid-19: Job Retention Scheme Update 4th April 2020

The government have issued an update to the Job Retention Scheme detailing who can claim and for which employees. There’s not much change of course to who can claim but this update gives us a bit more information as to the type of employee and how they should be furloughed. It mentions specifically other forms…
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Can I claim for Entertaining clients and staff ?

Entertaining Clients and Staff Can we deduct entertaining expenses? The tax rules on the deductibility of entertaining expenses are harsh and often misunderstood – the fact that the expenditure is incurred for businesses purposes does not make it deductible. Subject to certain limited exceptions, no deduction is allowed for business entertaining and gifts in calculating…
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