Prepare for Brexit Firms urged to prepare for Brexit Here’s what you need to know as new Government campaign says ‘time is running out’ for firms to prepare for no deal Brexit. Businesses are being urged by the Government to step up preparations, so they are not ‘caught out’ by new post-Brexit rules. With the…
Job Support Scheme Grant – JSS Table of Contents What is Job Support Scheme? Job Support Scheme is due to replace the Job Retention Scheme (JRS, Furlough Scheme) in November 2020. Chancellor Sunak first announced JSS on 24 September 2020, but there have been significant changes since then. JSS will be open from 1st November…
Changes to Self Employed Grant Table of Contents Introduction The grant has now changed following todays (22nd October 2020) announcement – here’s how it will affect you Grants for the self-employed doubled to 40% of previous earnings The maximum grant will increase from£1,875 to £3,750. Today’s announcement means self-employed workers could be receiving a grant…
New Business Support Package Table of Contents New Business Support Package Chancellor unveils three extra support measures today on 22nd October 2020, including increased support for jobs and workers hit by Covid restrictions Open businesses which are experiencing considerable difficulty will be given extra help to keep staff on as government significantly increases contribution to…
State Pension Age Increase The age at which people start to receive the state pension has increased to 66 for both men and women. People born between October 6, 1954 and April 5, 1960 will start to receive their state pension on their 66th birthday. For people born after those dates, there are scheduled to…
Self Assessment Payment Plan Table of Contents What is Self Assessment Payment Plan? Under Self Assessment Payment plan, the self-employed and other self-assessment taxpayers can apply online to spread the cost of their tax bills into 12 monthly payments, as part of the Chancellor’s Winter Jobs Plan. Limit for Self Assessment Payment Plan From October…
Job Retention Bonus Guide Table of Contents What is Job Retention Bonus? In his Summer Statement, Chancellor Rishi Sunak announced a new £1,000 Job Retention Bonus for employers who bring back furloughed staff – if they remain continuously employed to the end of January 2021. The bonus is set to support millions of employers who…
Self Employed Grant Extension Table of Contents Self Employed Grant Extension Chancellor Rishi Sunak last week announced further economic support for workers and self-employed people over the next few months of the coronavirus pandemic One of the measures being extended is the Self-Employment Income Support Scheme (SEISS), which will be in place until April 2021…
VAT cut extension Table of Contents VAT cut extension details Chancellor Rishi Sunak has announced the current VAT cut will be extended until March 2021 for tourism and hospitality businesses, as he announced his Winter jobs Plan in the Commons. The 20% rate was granted a six month reduction in July as an urgent response…
Job Support Scheme Table of Contents Job Support Scheme Announced as part of the Winter Jobs Package, the Job Support Scheme will allow employers to keep employees in a job on shorter hours rather than making them redundant. Recap The Job Support scheme will directly support the wages of people in viable jobs working at…
Business Loan Schemes Table of Contents Business Loan Schemes The Chancellor extended the government’s three Coronavirus business interruption loan schemes and the Future Fund, as part of his Winter Jobs Package announcement. The extension aligns all the end dates to the end of November, ensuring that there is further support in place for those who…
Winter Economic Plan Table of Contents On 24 September 2020, Chancellor Sunak announced various support measures in his winter economy plan. The Autumn Budget has been scrapped this year, as the treasury suggested “now is not the right time to outline long term plans”. We have prepared a summary of all what you need to…
