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

5th and final SEISS grant claims now open

SEISS grant

Eligible taxpayers can now apply for the 5th and final Self-Employed Income Support Scheme SEISS grant. The claim period covers May-September 2021 and all claims should be made by the deadline of 30 September ’21. What’s different? HMRC requires slightly different information to assess the award for the 5th grant. HMRC will compare turnover across two tax years although there … 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