Posted 09/09/2020 The Department of Work and Pensions (DWP) has launched the Kickstart Scheme, designed to create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment. The Scheme is designed to create hundreds of thousands of new, fully subsidised jobs for young people across the…Read More
Posted 21/08/2020 If you are thinking about hiring an employee, you may find that hiring an apprentice is a cost-effective solution. As part of the Government’s plans to Kick start the economy, an incentive payment is being offered. Employers in England will receive an incentive of £2,000 for each new apprentice aged 16-24 and £1,500…Read More
Posted 17/08/2020 The eligibility criteria for the second grant is exactly the same as the first grant – so self-employed people who were eligible for the first SEISS grant will be eligible for the second grant, so long as their business has been adversely affected since 14 July 2020. This typically means a business has…Read More
Posted 06/08/2020 With the UK leaving the EU, do you or your business need to take steps to prepare for the end of the transition period on 1st January 2021? The Government have provided a questionnaire to get a personalised list of actions, or you can view specific guidance for you, your family or your…Read More
Posted 05/08/2020 Builders, plumbers, and other tradespeople across England will need a government-backed seal of approval to provide their services as part of the new £2 billion Green Homes Grant going live at the end of September. The new scheme will see the government fund up to two-thirds of the cost of home improvements of…Read More
Posted 04/08/2020 If your business completes customs declarations, you are eligible to apply for grants to get funding for recruitment, training and IT improvements. For details of: who is eligible to apply what you must use the grants for amounts of funding available the tools you need ways to apply the process once you have…Read More
Posted 03/08/2020 Further details of how jobs will be protected through the government’s new Job Retention Bonus have been unveiled by HMRC. employers will receive a one-off payment of £1,000 for every employee who has previously been furloughed under Coronavirus Job Retention Scheme (CJRS) – if they remain continuously employed to the end of January…Read More
Posted 03/08/2020 Thousands of smaller businesses in England are set to benefit from £20 million of new government funding to help them recover from the effects of the coronavirus pandemic, the Minister for Regional Growth and Local Government has announced. Small and medium sized businesses will have access to grants of between £1,000 – £5,000…Read More
Posted 29/07/2020 You must tell HMRC if you made a claim for the grant that you weren’t eligible for or you received more than HMRC said you were entitled to. The date you received the grant determines when you must notify HMRC of an erroneous grant. If you received the grant: before 22 July 2020…Read More
Posted 29/07/2020 HMRC won’t charge a penalty if you didn’t know you had been overpaid and if you repaid it within the relevant time period. Sole traders or partners the relevant time period is 31 January 2022, and for companies it is 12 months from the end of the accounting period. If you’ve overclaimed a…Read More
Posted 29/07/2020 If you’ve claimed too much If you want to delete a claim in the online service, you must do this within 72 hours. If you’ve claimed too much, you must pay this back to HMRC. If you’re submitting another claim you need to declare this overpayment in your next claim. If you’re not submitting…Read More
Posted 22/07/2020 Yesterday the Government published an overview of Making Tax Digital. The big news is that all VAT registered businesses with VAT turnover below £85,000 will be required to follow MTD rules for returns filed on or after April 2022. That might sound a long way off, but you may wish to take action…Read More
Posted 21 July 2020 We know that individuals and businesses have been under enormous pressure throughout the coronavirus crisis. Remember ongoing business support is available through many different channels which you may not be aware of and is free for many. Employers and employees need support in many ways right now, from general business guidance,…Read More
Posted 20/07/2020 You should submit Coronavirus Job Retention Scheme claims for periods ending on or before 30 June 2020 by 31 July 2020. This is the last date to make those claims. Employers need to have made a claim at any point on or before 31 July to be able to make a claim for…Read More
Written 15/07/2020 The new flat rate percentages, which will apply from 15 July until 12 January, have been announced by the Government. The amendments are as follows: Catering services, including restaurants and takeaways – reduced from 12.5% to 4.5% Pubs – reduced from 6.5% to 1% Hotels and accommodation – reduced from 10.5% to 0%…Read More
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