by MAS | Sep 2, 2020 | Coronavirus, Covid-19, Financial news, HMRC, PAYE
From 1 September HMRC will now only pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work. You now must: continue to pay your furloughed employees at least 80% of their usual wages for the hours they do not work, up...
by MAS | Aug 31, 2020 | Coronavirus, Covid-19, Financial news, HMRC
Second SEISS opens as more than two million miss out The government recently launched the second wave of its Self-Employment Income Support Scheme (SEISS), worth up to £6,570 for those eligible. However, the government has been asked to reopen and extend the scheme...
by MAS | Aug 19, 2020 | Business advice, Coronavirus, Covid-19, Financial news, HMRC, PAYE
This is simply a reminder about changes to the Coronavirus Job Retention Scheme (CJRS) from 1 September From 1 September CJRS will pay 70% of usual wages up to £2,187.50 per month for the hours furloughed employees do not work. You will still need to pay your...
by MAS | Aug 14, 2020 | Business advice, Coronavirus, Covid-19, Financial news, HMRC, PAYE
Employers can claim a one-off payment of £1,000 for each employee they have previously received a grant for under the Coronavirus Job Retention Scheme (CJRS), and who remains continuously employed through to the end of January 2021. To qualify, the employee must...
by MAS | Aug 14, 2020 | Business advice, Financial news, HMRC, Tax
HMRC previously held preferential status up to the implementation of the Enterprise Act in 2003. Then in 2018, the then Chancellor, Philip Hammond announced in his October budget that preferential status would return. After some delay, the Finance Bill has now had...
by MAS | Aug 7, 2020 | Coronavirus, Covid-19, Financial news, HMRC, PAYE
Employers will be able to claim a one-off payment of £1,000 for every employee they have previously received a grant for under the Coronavirus Job Retention Scheme (CJRS), and who remains continuously employed through to the end of January 2021. To be eligible, the...
