Additional reprieve has been announced for tax payers who are required to file self assessment tax returns. HMRC have confirmed a filing extension deadline for the 2019/2020 Tax Return. Tax payers now have until 28th February 2021 (extended from 31st January 2021) to file their Tax Return with HMRC. Interest will accrue on unpaid taxes, …
On Saturday (31st October), the government announced that the United Kingdom would be going into lockdown from Thursday 5th November, for a period of 4 weeks, until Wednesday 2nd December. To facilitate the mandatory closure of all non-essential businesses, additional financial measures have been introduced, which will be detailed below. Retailers providing essential goods, such …
In light of the tighter restrictions being imposed across the UK, the below additional grants, as well as amendments to the schemes which we detailed in update 11 (part 1 and 2) have been announced: New Grants Scheme This is aimed at those businesses who have been, or will be impacted due to Tier …
In the last couple of weeks, the Government has released some new and renewed schemes to aid businesses in the continued coronavirus pandemic. Coronavirus Job Retention Scheme (Job Retention) Bonus scheme CJRB(JR)B To qualify for the bonus, the employee must have remained continuously employed from the end of the last claim period for the Coronavirus …
Today the government announced a new range of measures, aimed at kick-starting the economy. Below is a summary of some of the latest information released by the Government: Jobs and Training Job Retention Bonus Scheme The furlough scheme is slowly being wound down, and is due to end completely at the end of October 2019. …
We hope you have been keeping well since our last update. Below is a summary of some of the latest information released by the Government: Self-Employment Income Support Scheme (SEISS) The Chancellor has announced that the Self Employment Income Support Scheme (SEISS) will be extended for a second and final time. Provided you meet the …
In this update we will focus on two financial aids released by the government this week, Bounce Back Loans and Self Employment Income Support Scheme. Bounce Back Loans The Bounce Back Loan Scheme (BBLS) is aimed at providing financial support to businesses across the UK that are losing revenue and seeing their cashflow disrupted as …
The ability to claim a government grant in respect of furloughed employees under the Coronavirus Job Retention Scheme (CJRS) went live today. We have had the opportunity to test the portal and therefore can provide the following information for those clients who are looking to undertake their own submissions. (Note: the CJRS has been …
Hurrah! The government has offered updated guidance for Company Directors that may need to furlough themselves ad take advantage of the coronavirus job retention scheme (CJRS). How Furlough could work for Directors of Limited Companies To be eligible for the CJRS, the individual must be furloughed and crucially, cannot undertake any work for the …
Today we are going to focus on summarising the ins and outs of the Furlough scheme, also known as the Coronavirus Job Retention Scheme (CJRS) HMRC has published details of the CJRS which are available to read in full here: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme We do suggest a thorough read of the guidance as it covers many areas …
