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The rules on who is eligible to claim have changed. Self-employed people who are eligible and in need of support will be able to claim the third grant at any time from 30 November 2020 to 29 January 2021.

The Job Retention Scheme (CJRS) was due to come to an end on the 31st October 2020 and was to be replaced with the Job Support Scheme (JSS). The latest announcement (31st October 2020) has now extended the CJRS to the end of January 2021.

From 1 July 2020, employers can bring furloughed employees back to work for any amount of time and any work pattern.

Extension to the Self-Employed Income Support Scheme. On the 29th May 2020 the Chancellor, Rishi Sunak, announced more details about the extension of the Self-Employment Income Support Scheme.

The Coronavirus Job Retention Scheme (CJRS), which allowed employers to claim for 80% of employee salary costs for furloughed workers, has been revised on the 29th May 2020.

BUSINESS BOUNCE BACK LOAN

The new “Business Bounce Back” loans will be 100% guaranteed by the taxpayer and will provide firms with up to 25% of their turnover up to £50,000 with no interest payable in the first year.

The anticipated guidance in relation to the Coronavirus Job Retention Scheme (CJRS), which will see employers reimbursed for 80% of employee salaries up to a cap of £2,500 per month and associated wage costs for furloughed workers, has been published.

Budget 2020: Rishi Sunak defends giveaway as he vows to steer UK economy through Coronavirus crisis.
Following this, we have put together a PDF which provides an overview of the updated forecasts for the UK economy and public finances, which we trust you will find useful.

The Chancellor’s 2019 Spring Statement gave the government the opportunity to consider the longer-term fiscal challenges ahead of Brexit, and initiate consultations on how these can be addressed.
Following this, we have put together a PDF which provides an overview of the updated forecasts for the UK economy and public finances, which we trust you will find useful.

The VAT domestic reverse charge for building and construction services was due to come into effect from 1st October 2019, this has now been delayed until the 1st October 2020.
Given the scale of the changes, it would be appropriate for businesses to plan for the reverse charge now.

Making Tax Digital for VAT (MTDfv) ushers in mandatory new requirements from 2019. However, the change isn’t just about VAT: MTD affects the very way that businesses keep accounting records. In this factsheet, we outline how you can plan for compliance.