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SELF-EMPLOYMENT INCOME SUPPORT SCHEME GRANT EXTENSION (SEISS)

To be eligible for the grant extension, self-employed individuals, including members of partnerships, must: have been previously eligible for the Self-Employment Income Support Scheme first and second grant (although they do not have to have claimed the previous grants) declare that they intend to continue to trade and either: are currently actively trading but are…Read More

BUSINESS GRANTS

Businesses required to close in England due to local or national restrictions will be eligible for the following: For properties with a rateable value of £15k or under, grants to be £1,334 per month, or £667 per two weeks; For properties with a rateable value of between £15k-£51k grants to be £2,000 per month, or…Read More

MORTGAGE PAYMENT HOLIDAYS

Mortgage payment holidays Mortgage payment holidays will no longer end 31 October. Borrowers who have been impacted by coronavirus and have not yet had a mortgage payment holiday will be entitled to a six month holiday, and those that have already started a mortgage payment holiday will be able to top up to six months…Read More

THE CORONAVIRUS JOB RETENTION SCHEME (CJRS) HAS BEEN EXTENDED – JOB SUPPORT SCHEME (JSS) POSTPONED

Following the announcement by the Prime Minister on the 31 October regarding the new lockdown in England for the commencing 4 November, the CJRS has been extended until December. The Grant will ensure employees receive 80% of their current salary for hours not worked, up to a maximum of £2,500. Businesses will have flexibility to…Read More

Support for nursery businesses that pay business rates (England)

The Government is introducing a business rates holiday for nurseries in England for the 2020 to 2021 tax year. Nurseries are eligible for the business rates holiday if: The business is based in England Properties that will benefit from the relief will be: occupied by providers on Ofsted’s Early Years Register wholly or mainly used…Read More

INCREASE IN WORKING TAX CREDITS

The government has announced that Working Tax Credits payments will be increased from 6 April 2020. As part of a number of measures to support the country during the COVID-19 pandemic, the basic element of Working Tax Credit has been increased by £1,045 to £3,040 from 6 April 2020 until 5 April 2021. The amount…Read More

HOW TO CLAIM FOR YOUR EMPLOYEES’ WAGES THROUGH THE CORONAVIRUS JOB RETENTION SCHEME (CJRS)

The Government recently provided more details on how the CJRS works. Please note the online service you will use to claim is not open yet – we will let you know when it is. We have the capability to calculate and submit your CJRS Claim so please let us know if we can help. Overview…Read More

CORONAVIRUS JOB RETENTION SCHEME (CJRS)

#1 Do you employ Apprentices? Apprentices can be furloughed in the same way as other employees and they can continue to train whilst furloughed. However, you must pay your Apprentices at least the Apprenticeship Minimum Wage, National Living Wage or National Minimum Wage (AMW/NLW/NMW) as appropriate for all the time they spend training. This means…Read More

UNIVERSAL CREDIT (UC) FACT SHEET FOR CLIENTS

The following information can be found at: http://www.understandinguniversalcredit.gov.uk/new-to-universal-credit/how-much-youll-get/ We have summerised this into several sections and we hope you find the information useful. How your UC payment is calculated: There are 3 steps to work out your Universal Credit payment. More details about each stage are below: Your household’s maximum Universal Credit amount is calculated.…Read More

JOB RETENTION SCHEME

Frequently Asked Questions (Based on information available as at 29 March 2020) Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. This applies to employees…Read More

GRANTS UNDER THE SELF-EMPLOYMENT INCOME SUPPORT SCHEME (CSEISS)

On 26 March 2020 the Chancellor announced a new grant scheme available to the self-employed and members of partnerships and have lost income due to coronavirus. This factsheet is based on the limited details announced by HMRC as at 30 March 2020. Broadly the new scheme will allow self-employed taxpayer to claim a taxable grant…Read More

CORONAVIRUS SELF-EMPLOYMENT INCOME SUPPORT SCHEME (CSEISS) – UPDATE FOR CLIENTS

HELP FOR THE SELF EMPLOYED Chancellor Rishi Sunak has announced measures to support the self-employed and partnerships. The scheme is called the Coronavirus Self-employment Income Support Scheme (CSEISS). If you have suffered a loss in income, a taxable grant will be paid to the self-employed or partnerships, worth 80% of profits up to a cap…Read More

UPDATE ON THE JOB RETENTION SCHEME

PLEASE NOTE: NOTE THIS GUIDANCE IS STILL INCOMPLETE AND THE GOVERNMENT NEED TO ISSUE FURTHER BRIEFING NOTES ON THE DETAIL. Introduction Under the coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been…Read More

COMPANIES TO RECEIVE 3-MONTH EXTENSION PERIOD TO FILE ACCOUNTS DURING COVID-19

From today (25 March 2020), businesses will be able to apply for a 3-month extension for filing their accounts. This joint initiative between the government and Companies House will mean businesses can prioritise managing the impact of Coronavirus. As part of the agreed measures, while companies will still have to apply for the 3-month extension…Read More

Statutory Self-Employment Pay proposed amendment to the Coronavirus Bill

There was a proposal made to the Coronavirus Bill for the payment of Statutory Self-Employment Pay by the House of Commons Public Bill Committee and an article relating to this is doing the rounds. This is a proposed amendment only and has not been agreed. In addition, most commentators believe that this will not make…Read More

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