Coronavirus Job Retention Scheme Compliance Letters
The first wave of compliance letters regarding the Coronavirus Job Retention Scheme (CJRS) were issued last week as HMRC moves into the post transaction review phase of the scheme. The first batch of letters started to land on doormats from Wednesday 18 August. HMRC will be asking questions where they have concerns over the validity…
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Furloughed Workers and Redundancy Payments
Employees with more than two years’ continuous service who are made redundant are usually entitled to a statutory redundancy payment that is based on length of service, age and pay, up to a statutory maximum. The government said throughout the pandemic, it has urged businesses to do right by their employees and pay those being…
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Flexable Furlough
1. Who can go on flexible furlough? From 1 July 2020 only employees that employers successfully claimed a previous government grant for will be eligible for more grants under the Job Retention Scheme. This means they must have previously been furloughed for at least three consecutive weeks taking place any time between 1 March and…
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Cloud Accounting
Cloud Accounting and Bookkeeping Overview There is now the opportunity to have you cloud accounting software which means you no longer need to have this installed on your desktop you can access this via an internet connection from anywhere. This will avoid the upgrades like with Sage as you will always have the latest version…
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Important changes to the Government Furlough Scheme
As the government begins to ease lockdown measures that will see more people return to work, employers should be aware of upcoming changes to the Coronavirus Job Retention Scheme (CJRS), also known as ‘furlough’. Here is a summary of these changes, based on our current understanding. Important dates & changes for June/July: 10 June: This…
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Furlough Scheme who is eligable
HMRC will set up a new online coronavirus job retention scheme/furlough portal, due to launch on 20 April 2020, so that ALL UK employers this month, regardless of size, will be eligible for assistance where an employee has been designated as a ‘furloughed worker.’ HMRC will reimburse 80% of furloughed workers wage costs, up to…
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Furloughed Workers
Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis. The scheme will be in place for three months initially and all UK businesses are eligible. The salary subsidy…
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