Christmas holiday, Christmas bonus and the Coronavirus Job Retention Scheme

As part of his update from Thursday 17th December 2020, Jim Harra of HMRC has provided the following clarifications. Can I use CJRS to pay for holiday leave? If employers have furloughed employees because of the effect of coronavirus on their business, they can claim under the CJRS for periods of paid leave they take … Continue reading Christmas holiday, Christmas bonus and the Coronavirus Job Retention Scheme

December 2020 HMRC Employer Bulletin

Dear @PAYadvice, Our Employer Bulletin (December 2020, Issue 87) includes a host of useful information including the extension to the Coronavirus Job Retention Scheme, VAT deferral and VAT reverse charge measures for the construction industry, Virtual Christmas Parties and Brexit transition updates. There’s also a timely reminder about how to report PAYE Real Time Information … Continue reading December 2020 HMRC Employer Bulletin

Virtual Christmas staff events – tax exemption status confirmed

HM Revenue and Customers have indicated the following, guidance will be updated shortly. Having considered the scope of section 264 ITEPA 2003 (annual parties exemption), [HMRC] are pleased to confirm that the exemption will apply to the costs associated with virtual parties in the same way that it would for traditionally held, parties. Therefore, the … Continue reading Virtual Christmas staff events – tax exemption status confirmed