Articles and information in relation to UK Payroll for business, employers and employees.
Grants for the self-employed doubled to 40% of previous earnings Self-employed grant The Thursday 22nd October 2020 announcement increases the amount of profits covered by the two forthcoming self-employed grants from 20 per cent to 40 per cent, meaning the maximum grant will increase from £1,875 to £3,750. This is a potential further £3.1 billion … Continue reading Chancellor increases financial support for the self-employed
With less than 6 months until new law comes into effect, has your business put in place plans to implement changes to the process of: Engagement of contractorsStatus classificationNotification of status to contractors and their intermediariesDispute processsRecord keepingPayroll and finance readinessOrganising appropriate PAYE schemeIdentifying amounts subject to tax and National InsuranceBudgeting for the employers National … Continue reading Off-payroll workers – have you prepared?
If you think that you’re eligible for the second Self-Employment Income Support Scheme grant and you have not yet claimed, you must do so by 19th October 2020. It’s quick and easy to make a claim online Claim a SEISS grant PAYadvice 9/10/2020
Correspondence - Treatment of government grant support schemes in business interruption insurance settlements: Letter from the Economic Secretary to the Treasury to the Association of British Insurers John Glen MP John Glen, the Economic Secretary to the Treasury has written to the Director General of the Association of British Insurers (ABI), Huw Evans. Huw Evans, … Continue reading Business interruption insurance – treasury letter
The Self-Employment Income Support Scheme (SEISS) extension will support viable traders who are facing reduced demand over the winter months, covering 20 per cent of average monthly trading profits via a government grant. The SEISS Grant Extension provides critical support to the self-employed. The grant will be limited to self-employed individuals who are currently eligible for the … Continue reading Self Employment Income Support Scheme (SEISS) extended
If you are self-employed or thinking of being self-employed there is an information hub on GOV.UK just for you. Self-employment PAYadvice.UK 2/9/2029
If you were receiving Child Benefit and your child is turning 18,from this September they may have money in their Child Trust Fund that they can withdraw. Child Trust Fund PAYadvice.UK 19/8/2020
If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19), the scheme allowed a claim for a first taxable grant. Applications closed on 13 July 2020. A second and final taxable grant is worth 70% of average monthly trading profits, paid out in a single instalment covering 3 … Continue reading Self-Employment Income Support Scheme (SESS) now open
There has been a steep rise in the number of employees working flexibly during lockdown, alongside this there has also been a decline in stigma around flexible working during this period. A survey by the University of Kent and Birmingham University asked over 1,000 employed and self-employed workers about working from home during the pandemic … Continue reading The future of work can be flexible
Two new leadership programmes to help small business leaders grow in the wake of the coronavirus pandemic have been launched Government investment in small business training, management and productivity£20 million commitment at critical time for small businesses dealing with the impact of coronavirusinterested small business leaders are encouraged to sign up The Small Business Leadership … Continue reading £20 million to improve small business leadership and problem-solving skills #coronavirus
From 3 to 31 August, get discounts when you eat in at restaurants that are registered with the Eat Out to Help Out Scheme: get a 50% discount on food or non-alcoholic drinks to eat or drink in (up to a maximum of £10 discount per diner)every Monday, Tuesday and Wednesday between 3 and 31 … Continue reading Find a restaurant – Eat Out to Help Out
The government states ‘The Job Retention Scheme was put in place to save jobs’. HM Revenue and Customs are asking employees to help protect the scheme and U.K. taxpayers who fund it by reporting cheats. If employees are concerned that their employer is or has abused the scheme, to report their employer to HMRC. Over … Continue reading Employees encouraged to report furlough cheats
The Office for National Statistics have released their latest labour market report. While some have lost their jobs, the biggest response of employers remains cutting hours rather than employment. Lower hours includes putting people onto furlough - though there is some evidence of some people returning to work. Furloughed workers are often on partial pay, … Continue reading Employment in the UK
The UK government have confirmed the statistics up to midnight 12 July 2020. £31.7bn for small business through Bounce Back loans, with around 55k interruption loan approvals The Coronavirus Job Retention Scheme has closed to new entrants as it is now phasing through flexible furlough. 9.4 million jobs had been furloughed with government grants of … Continue reading Latest on the #coronavirus Job Retention Scheme (CJRS) and the Self Employment Income Scheme
Bounce Back loans approved for small firms to help them survive the Coronavirus pandemic has passed the one million milestone. The Bounce Back Loan Scheme has been a success in providing firms with vital government-backed loans at a low, affordable rate and with no interest or repayments due in the first year. Today’s update shows … Continue reading Over a million bounce back loans approved for small businesses #COVID19 #coronavirus
If you’re eligible and your business has been adversely affected you must make your claim for the first grant on or before 13 July 2020. Claim SEISS now This scheme is being extended. If you’re eligible for the second and final grant, and your business has been adversely affected on or after 14 July 2020 … Continue reading Self-employed – Make your SEISS grant claim by 13th July 2020 #COVID19 #coronavirus
On 30 April, the Chancellor made a Treasury Direction under Section 71 and 76 of the Coronavirus Act. It sets out that HMRC are responsible for the payment and management of amounts to be paid under the Self-Employment Income Support Scheme (SEISS). The Chancellor has made a further Treasury Direction (2nd July 2020) under Sections … Continue reading Treasury Direction under Sections 71 and 76 of the Coronavirus Act 2020: Self-Employment Income Support Scheme (SEISS)
Today @AmazonUK and @e_nation have launched the Amazon Small Business Accelerator which will help over 200,000 businesses to start, recover, grow, and accelerate thanks to free training, services and support. Amazon Small Business Accelerator is a free, online educational programme for anyone who wants to start a new online business or grow an existing one. … Continue reading Small Business Accelerator – free online educational programme
The Coronavirus Job Retention Scheme Part 1 is soon coming to an end on 30th June 2020. Announced by the Chancellor of the Exchequer on Friday 20th March 2020, the Scheme covered from 1st March through 30th June for those who were furloughed for a minimum period of 21 consecutive days. The last new furlough … Continue reading #coronavirus Job Retention Scheme and Self Employed Income Support Scheme update – 21st June 2020
Z&R by PSP (c)2020 The government have announced that self-employed parents whose trading profits dipped in 2018/2019 because they took time out to have children will be able to claim for a payment under the self-employed income support scheme (SEISS). The scheme requires claimants to have traded in 2018/2019 with their profits making up at … Continue reading Self-employed new parents can claim #COVID19 support grant #coronavirus
Military reservists able to access the self employment scheme and those returning to work the Coronavirus job retention scheme (CJRS) Rishi Sunak said serviceman and servicewomen who come back to their day job after completing a period of active duty will be able to be furloughed by their employer under the recently extended Coronavirus Job … Continue reading Reservists returning to civilian work eligible for #coronavirus #COVID19 government support schemes
new figures highlight Government support in protecting jobs and helping individuals across all four nationsstatistics for Coronavirus Jobs Retention Scheme and Self-Employment Income Support Scheme show uptake of schemesnew figures also reveal size and sector of businesses furloughing staff Under the CJRS, up until the 31 May more than 6.4 million jobs were furloughed in … Continue reading UK Government figures confirm support for incomes across all nations during #coronavirus #COVID19
The Self-Employment Income Support Scheme opened on 13 May and provides assistance to the qualifying self-employed. By midnight on 7 June the government have confirmed: ➡️ 2.6m claims ➡️ £7.5bn claimed Have you claimed? Do you qualify? Your tax agent / accountant cannot apply for this grant on your behalf! Claim a grant through the … Continue reading Self-Employed – have you claimed SEISS #coronavirus #COVID19
Rishi Sunak has announced (29th May 2020) an extension to SEISS. “I know people have been waiting to hear and I understand they have been anxious. I can confirm today the self-employment income support scheme will be extended”. Rishi Sunak “Applications will open in August. The second final grant will be paid out in a … Continue reading Self Employment Income Support Scheme extended – #COVID19 #coronavirus
Jim Harra, of the HMRC has shared the following: The government is committed to doing whatever it takes to support businesses and individuals through the coronavirus pandemic and the following webinars have the information, guidance and tips to help you to support your clients. There are a limited number of spaces, so save your place now. … Continue reading #COVID19 government help webinars #coronavirus
The government are progressing the introduction of off-payroll working / deemed employment / IR35 changes in the private sector to mirror tax and NI activity that has applied in the public sector for the past few years. Originally intended for introduction from April 2020 and delayed by #coronavirus #COVID19, an amendment to the finance bill … Continue reading Off-Payroll rules progressing for April 2021 private sector introduction
New HMRC guidance explains how Self Assessment customers who have been affected by #coronavirus can defer their payment on account that would normally be due in July. For those who need to defer, remember to cancel any direct debits set up to make this payment. HMRC will automatically treat it as a deferral if they … Continue reading Self Assessment – Affected by #COVID19 – Defer your July payment – #coronavirus
HMRC confirm that ‘Agents must not apply for the Self-Employment Income Support Scheme on behalf of their clients. This will trigger a fraud alert and will result in significant delays to receiving payment. Impacted clients will have to contact us separately to resolve’. PAYadvice.UK 14/5/2020
From 8am Wednesday 13th May 2020 self-employed individuals or members of partnerships whose business has been adversely affected by coronavirus are able to apply for a Self-Employment Income Support Scheme (SEISS) grant worth 80% of their average monthly trading profits. Millions are expected to benefit from the scheme with the payments – to be paid in a single instalment covering … Continue reading Applications for Self-Employment Income Support Scheme open early #COVID19 #coronavirud
Is your employer instructing you to return to your normal workplace? Can you undertake work from home? The government are asking employers to put in place additional measures and comply with the governments requirements on managing the risks of #COVID19. Where employers have complied, they have been asked to display the poster illustrated above to … Continue reading Going back to the workplace – is your employer prepared? #COVID19 #coronavirus
How to claim The online service is available from 13 May 2020. If eligible, HMRC will tell you the date you can make your claim. If your claim is approved you’ll receive your payment within 6 working days. If unable to claim online an alternative will be available. Scams If you receive texts, calls or … Continue reading Self-Employed Income Support Scheme – apply from Wednesday 13th May #COVID19 #coronavirus
HMRC have produced a helpful YouTube video to guide the Self-Employed through the eligibility checker for the Self-Employment Income Support Scheme (SEISS). Watch at: HMRC YouTubeUsing the eligibility checkerSelf-Employment Income Support Scheme(SEISS) PAYadvice.UK 10/5/2020
HMRC are starting to contact the self-employed who are likely to be eligible for SEISS. The contact is via a combination of emails, SMS texts and letters, to tell you what to do to get ready to claim. Applications are opening in tranches based on you unique taxpayer number (UTR) which is given to all … Continue reading Online tool – Self-Employment Income Support Scheme (SEISS) #COVID19 #coronavirus
https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme#claim The Chancellor has made a Treasury Direction under Sections 71 and 76 of the Coronavirus Act 2020. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/882593/SEISS_Direction_Final_-_SIGNED.pdf HMRC are responsible for the payment and management of amounts to be paid under the Self-Employment Income Support Scheme, as in the Schedule to the Direction. The Direction sets the legal framework. This week HMRC will … Continue reading Self-Employment Income Support Scheme updates 1st & 4th May 2020 – #COVID19 #coronavirus
You Tube has recordings in relation to coronavirus from UK Parliament TV. Debates and announcements for business, employers and employees and other matters. UK ParliamentCOVID19CoronavirusYou Tube PAYadvice.UK 28/4/2020
https://www.gov.uk/coronavirus/business-support Coronavirus business support What you can do now Find out what financial support schemes you may be eligible for Find out how to claim foryour employee’ wages through theCoronavirus Job Retention Scheme Find out how to apply for a grant if you’re self-employed PAYadvice.UK 21/4/2020
Jim Harra, HMRC Jim Harra, First Permanent Secretary and CEO at HMRC explains what you need to know about getting government support... In recent weeks, the government has announced an unprecedented set of measures to help support citizens and businesses during the COVID-19 crisis. Measures that HMRC is responsible for have included deferral of VAT and Self-Assessment payments, the … Continue reading What furloughed workers need to know
https://www.open.edu/openlearn/ Have you found yourself furloughed or even unfortunately laid off or made redundant and now have time on your hands at home? Has your self employment work dried up? Don’t let #COVID19 #coronavirus defeat you. Why not keep your knowledge and skill growing. Whether for future work or personal growth, there are free resources … Continue reading At home with time on your hands as a result of #COVID19 #coronavirus – Free courses with the Open University OpenLearn
https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19 If you’re a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to: defer the payment until a later datepay the VAT due as normal HMRC will not charge interest or penalties on any amount deferred as a result of the … Continue reading VAT deferral #COVID19 #coronavirus
https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme The scheme allows the self employed to claim a taxable grant worth 80% of trading profits up to a maximum of £2,500 per month for the next 3 months. Who can apply Self-employed individual or a member of a partnership and: submitted Self Assessment tax return for 2018-19traded 2019-20are trading when you apply, or … Continue reading New Income Support Scheme for Self-employed #COVID19 #coronavirus
Guidance for self-employed https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees If you’re self-employed or not eligible for SSP If you are not eligible for SSP – for example if you are self-employed or earning below the Lower Earnings Limit of £118 per week – and you have COVID-19 or are advised to stay at home, you can now more easily make a … Continue reading #COVID19 #coronavirus Guidance for the Self-employed
