After you’ve made a claim: – Keep a note or a print-out of your claim reference number as you won’t receive a confirmation SMS or email – Retain all records and calculations for your claims, in case HMRC need to contact you about them – Expect to receive the funds six working days after you…Read More
Posted 20/04/2020 The link to apply to claim for 80% of your employee’s wages plus any employer National Insurance and pension contributions, if you have put them on furlough because of coronavirus (COVID-19) is now live. If your payroll is processed by an agent and they are fully authorised to act on behalf of the…Read More
Posted 20/04/2020 The Chancellor has extended the furlough scheme to the end of June 2020 to reflect continuing social distancing measures. The scheme, which allows firms to furlough employees with the government paying cash grants of 80% of their wages up to a maximum of £2,500, was originally open for three months and backdated from…Read More
Posted 15/04/2020 HMRC have updated their guidance on claiming grants through the coronavirus (COVID-19) Self-Employment Income Support Scheme including guidance on how HMRC work out total income and trading profits for the scheme. View the guidance on how HMRC calculate your total income and trading profits for the scheme at https://www.gov.uk/guidance/how-hmrc-works-out-total-income-and-trading-profits-for-the-self-employment-income-support-scheme. View our full guidance on…Read More
Posted 09/04/20 We have been advised that Scam HMRC texts, e-mails and phone calls are being used to try to fraudulently obtain your personal details. It has been confirmed that HMRC will never text, e-mail or phone to ask for bank details, PIN or passwords. Don’t: Give out private information Reply to text messages…Read More
Posted 14/04/20 Charities across the UK will receive a £750 million package of support to ensure they can continue their vital work during the coronavirus outbreak. Tens of thousands of charities providing vital services will benefit from direct cash grants to ensure they can meet increased demand as a result of the virus as well…Read More
Cheshire East Council has received its funding allowance from government, which means the process of distributing grants to businesses has now started. Eligible businesses, who have registered their bank account details with the council, should begin to receive their grant funding – via BACS transfer – automatically from 6 April onwards. Receiving a government business…Read More
Written 6/4/2020 The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19).This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be…Read More
Written 6/4/2020 Business rates holiday for retail, hospitality and leisure businessesGovernment will introduce a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year.EligibilityYou are eligible for the business rates holiday if:• your business is based in England• your business is in the retail, hospitality and/or leisure…Read More
Written 6/4/2020 We will introduce a business rates holiday for nurseries in England for the 2020 to 2021 tax year.EligibilityYou are eligible for the business rates holiday if:• your business is based in EnglandProperties that will benefit from the relief will be hereditaments:• occupied by providers on Ofsted’s Early Years Register• wholly or mainly used…Read More
Written 6/4/2020 Government will bring forward legislation to allow small-and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. The eligibility criteria for the scheme will be as follows:• this refund will cover up to 2 weeks’ SSP per eligible employee who has been off work because…Read More
Written 6/4/2020 The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers for at least 3 months starting from 1 March 2020. It is designed to support employers whose operations have been severely affected by coronavirus (COVID-19).Employers can claim for 80% of furloughed employees’ (employees on a leave of absence) usual…Read More
Written 6/4/2020 The temporary Coronavirus Business Interruption Loan Scheme supports SMEs with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to 6 years.The government will also make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees, so smaller…Read More
Written 6/4/2020HMRC will support businesses by deferring Valued Added Tax (VAT) payments for 3 months.If you’re a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to:• defer the payment until a later date• pay the VAT due as normalIf you’re in…Read More
Written on 6/4/2020 If you’re due to pay a self-assessment payment on account by 31 July 2020 but the impact of the coronavirus causes you difficulty in making payment by that date, then you may defer payment until January 2021.EligibilityYou are eligible if you are due to pay your second self-assessment payment on account on…Read More
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