News and Updates
Test and Trace support payments
Lump sum payment If on or after 28 September 2020 you're asked to self-isolate, you're entitled to a lump sum payment of £500 if: you were notified by NHS Test and Trace you are employed or self-employed (this includes being a member of a partnership) you can't work...
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%...
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...
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%...
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...
Can you claim for additional Self Employed Income Support (SEISS)?
The Government recently announced an extension to the Self Employed Income Support Scheme (SEISS). The first grant covered a three month period to 13 July 2020. The second grant will cover the three months commencing 14 July 2020. Those eligible for the first quarter...
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...
Tell HMRC and pay the Self-Employment Income Support Scheme grant back
If you’ve been overpaid, made a claim in error and were not eligible for the grant or would like to make a voluntary repayment, tell HMRC and pay some or all of the grant back. Follow the link for more information from the HMRC website....
HMRC invites hospitality industry to register for Eat Out to Help Out
Registrations for the Eat Out to Help Out Scheme start today (13 July 2020). Restaurants and other establishments serving food for on-premises consumption can now sign up to a new government initiative aimed at protecting jobs in the hospitality industry and...
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...