Job Retention Bonus HMRC have issued some further guidance regarding the Job Retention Bonus. The Job Retention Bonus is a £1,000 one-off taxable payment to you (the employer), for each eligible employee that you furloughed and kept continuously employed until 31 January 2021. You’ll be able to claim the bonus between 15 February 2021 and…
Deferred VAT due between 20 March and 30 June – Further Information It has recently been announced that businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period. Instead of paying the full amount by the end of March…
HMRC have released the following notes, providing details of the upcoming help and support to be made available to businesses and individuals. We will endeavour to provide further details, as and when they become available. As always, do feel free to contact us if you have any queries or require further clarification. Job Support Scheme…
Croner Taxwise have released some notes regarding the Government’s ‘Kickstart Scheme’, which has been introduced with the aim of creating new jobs for 16-24 year olds currently on Universal Credit. Please click here for further details.
From 1 September HMRC will now pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work. What you need to do now Continue to pay furloughed employees 80% of their usual wages for the hours they do not work, up to a cap of…
Overclaimed Furlough Grants and Fraud Penalties Croner TaxWise have released the following notes regarding overclaimed furlough grants: The Government has explained that the following actions constitute an overclaimed furlough grant, and thus could lead to furlough fraud: any amount the employer was not entitled to receive; or any amount the employer is no longer entitled…