Key changes to Covid-19 support schemes and taxation

furlough

The end of furlough The CJRS furlough scheme (Coronavirus Job Retention Scheme) ends on 30 September 2021. Final claims for September 2021 can now be submitted and should be made by the deadline of Thursday 14 October ’21. For the furloughed employee, employers can claim a maximum of 60% of usual wages for hours not worked, capped at £1,875 per … Read More

HMRC to publish furlough claims made from 1 December 2020

furlough

To discourage unnecessary and potentially fraudulent furlough claims, HMRC is required to publish the names of all employers making claims from 1 December 2020. This follows evidence that some businesses have abused the furlough scheme and made illegal claims, with HMRC launching investigations into 6,000 suspect claims. In recent months, a series of high-profile employers have voluntarily handed back £500m … Read More

Furlough and Self Employed Grants extended to end of April 2021

furlough

Back in December Chancellor Rishi Sunak announced he was extending the furlough scheme and Self Employed grants to the end of April 2021, giving certainty to millions affected by the pandemic. Businesses also have until the end of March to access government-backed loans to keep them afloat during tighter trading restrictions. Furlough (Coronavirus Job Retention Scheme – CJRS) – until … Read More

Covid-19 – Further economic help announced for businesses and individuals

SEISS grant

Over the weekend, Prime Minister Boris Johnson announced a second lockdown and with it, further economic help for those affected by Covid-19. In summary: Help for businesses Furlough extension The Coronavirus Job Retention Scheme (CJRS or more commonly the Furlough scheme) is extended until December and will mirror amounts available in August. The Job Support Scheme which was due to … Read More

A summary of help for businesses & individuals affected by the Coronavirus

This is our summary page with useful links and info to help those affected by the Coronavirus. HMRC Coronavirus Helpline 0800 0159 559 / 0800 024 1222 The Business Support helpline 0300 456 3565 Our summary of Help for businesses including info on the Job Retention Scheme, VAT payment deferrals, deferrals for filing statutory accounts, applying for finance under the CBILS and grants. … Read More