Job Support Scheme (JSS) Further clarifications were made to the scheme on 22nd October 2020. Now, the Government will be able to help businesses who are suffering from a business downturn due to coronavirus restrictions, or if they have been told to close temporarily. It has been separated into two provisions: JSS (Open) and JSS…
Read more → Job Support Scheme (JSS)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…
Read more → Job Retention BonusHMRC 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…
Read more → Government Help & Support – UpdateCroner 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.
Read more → Kickstart SchemeFrom 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…
Read more → Changes to the Coronavirus Job Retention Scheme (CJRS)Further details on the Coronavirus Job Retention Scheme Set out below are the rules as they are currently understood (summarised from notes provided by ICAEW), however it must be stressed that further guidance is awaited and therefore the following comments are provisional and may change. For sole director/shareholder owner-managed limited companies Not treated as self-employed…
Read more → Further details on the Coronavirus Job Retention SchemeHR Support As part of our service from Croner Taxwise, all clients who have opted to take out the insurance cover against professional fees incurred in the event of any HM Revenue & Customs enquiries receive telephone access to expert HR support. This service has been extended to include a dedicated Coronavirus team to guide…
Read more → HR SupportHMRC has updated their notes on support available to business. The notes provide some further detail, but as you will see HMRC are still to announce exactly how / when certain of the provisions are to come into effect. HMRC support for employers & business We will be reviewing future notices as they arise and…
Read more → HMRC Business Support – Update
