News and Updates

 

Key announcements

The Self Employment Income Support Scheme (SEISS) In the recent announcement, the chancellor has extended the SEISS for six months with a third and fourth grant being made available. The third grant will cover November 2020 to January 2021 but has been lowered to 20%...

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CJRS Job Retention Bonus

Here is a summary, broadly in line with what we knew was coming:- the Job Retention Bonus is available to employers in respect of each employee who (a) has been on furlough at some point; and (b) remains employed, and not under notice, on 31 January 2021. HMRC will...

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Further help for the self employed announced

The Self Employment Income Support Scheme (SEISS) In the recent announcement, the chancellor has extended the SEISS for six months with a third and fourth grant being made available. The third grant will cover November 2020 to January 2021 but has been lowered to 20%...

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New Jobs Support Scheme

The Chancellor, Rishi Sunak, has set out the government's new job retention measures in a statement to the House of Commons. The furlough scheme will come to an end, as planned, on 31 October 2020.  The government says it cannot keep jobs open only inside the furlough...

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VAT Flat Rate Percentages Reduced

Good news for the catering and holiday accommodation sectors. HMRC have finally updated their flat rate percentages for the businesses mostly affected by the Coronavirus pandemic. Reduced rates will apply from 15 July 2020 to 12 January 2021. Catering services...

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A Plan for Jobs 2020

Job Retention Bonus The Coronavirus Job Retention Scheme (CJRS) has supported many businesses so far by protecting over 9 million jobs. The scheme is due to gradually unwind and will be supporting businesses until October. It is beneficial to everyone, including the...

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