Coronavirus Self Employed Income Support Scheme (SEISS)

Following the announcement that businesses will be reimbursed by HM Revenue & Customs (HMRC) for 80 per cent of the employment costs of ‘furloughed’ workers for at least three months from March, the Chancellor has announced a similar scheme for self-employed individuals. The Self-Employed Income Support Scheme (SEISS) will pay self-employed individuals an amount equivalent to up to 80 per cent of their average monthly Read more…

Coronavirus Job Retention Scheme Guidance Published

HM Revenue & Customs (HMRC) has now published detailed guidance for operation of the Coronavirus Job Retention Scheme, which is intended to reimburse up to 80 per cent of the wage costs of a ‘furloughed worker’. The guidance confirms a number of points including: The scheme applies only to workers who were on the payroll on 28 February 2020; Workers made redundant since 28 February Read more…

Commercial Rent Deferrals

To support UK businesses, the Government has confirmed that commercial tenants that are unable to pay their rent due to disruption caused by the Coronavirus pandemic will not face eviction. The Government had already banned evictions on private residential tenants but has now confirmed that the three-month moratorium on evictions and debt enforcement will be extended to cover commercial leases as well.  Although many commercial Read more…

Working from home

As the Government are recommending that people work from home where possible, many businesses will have had employees working from home for the first time in recent weeks. Amidst the logistics and practicalities of setting your employees up to work from home, it could be easy to overlook the implications of increased home working may have for your business’ tax bill. To help you navigate Read more…

Personal Finances

The ongoing COVID-19 pandemic is having a significant impact on all aspect of individual’s lives, not least their personal finances.  During this difficult period, it is likely that your staff may look to you for advice if their own income is affected by the economic impact of this virus. To help them make sense of your rights and what financial support may be available to Read more…

Tax and Companies House Deferrals

As part of its measures to reduce the economic impact of the Coronavirus crisis, the Government has announced deferrals to a number of HM Revenue & Customs (HMRC) and Companies House deadlines to ease the strain on businesses and self-employed individuals. VAT VAT payments have been deferred by three months from 20 March 2020 until 30 June 2020. During this period, businesses will not need Read more…

Employment

A key consideration for many businesses will be employment costs and staff safety. Significant steps have been taken by the Government to help businesses protect jobs by introducing measures that seek to subsidise wages and provide refunds for those on sick pay as a result of the Coronavirus. Coronavirus Job Retention Scheme The Chancellor has announced a scheme to reimburse up to 80 per cent Read more…