Will you miss out on the £1,000 Job Retention Bonus?

Are you aware of the Job Retention Bonus (JRB) which allows employers like you to earn £1,000 per employee? Did you also know that thousands of companies are simply missing out because 1) they don’t know it exists and 2) those who are aware miss out on a technicality. Rest assured we have all the […]

VAT Cut

What’s happening? At the moment, VAT (value added tax) relating to these sectors is charged at the standard rate of 20% that applies to most goods and services. But now the government has said that for the next six months it is cutting VAT on food, accommodation and attractions from 20% to 5%. VAT is […]

Kickstart Scheme

The kickstart scheme will help those aged between 16 to 24. The fund will subsidise six-month work placements for people on Universal Credit in the age group who are at risk of long-term unemployment. Mr Sunak told the Commons: “The kickstart scheme will directly pay employers to create new jobs for any 16 to 24-year-old […]

Eat out to help out

Diners will get a 50% discount off their restaurant bill during August under government plans to bolster the embattled hospitality sector. Chancellor Rishi Sunak unveiled the “eat out to help out” discount as part of a series of measures to restart the economy amid the coronavirus pandemic. The deal means people can get up to […]

Rishi Sunak Summer Statement

Rishi Sunak has announced a wave of sweeping measures to kickstart the UK economy in his mini-Budget – here’s what they are. Announcing his Summer Statement in the Commons today, Sunak pledged to pause stamp duty, boost hiring, slash VAT, and introduce “eating out” vouchers for every person in the UK.“Despite the extraordinary support we’ve […]

Tax treatment of COVID-19 tests and Personal Protective Equipment

HMRC has updated its guidance relating to the tax treatment of certain benefits and expenses paid to employees due to coronavirus, to explain how employers should proceed where they are providing coronavirus testing kits, or Personal Protective Equipment (PPE) to their employees. If an employer has purchased coronavirus testing kits or tests completed by a […]

‘Shielding’ employees able to return to work from August

Health Secretary, Matt Hancock, confirmed that any employees who have been ‘shielding’ as a result of COVID-19 will be able to return to work from 1 August 2020 in England. If a worker is not able to work remotely, and social distancing measures have been implemented within their workplace, then vulnerable people who have been […]

Withdrawal of ordering paper P45s and P60s from HMRC: postponement

In March 2020, HMRC announced that they were intending to withdraw the facility of ordering blank P45s and P60s online.  Due to the COVID-19 pandemic, HMRC has postponed this action until 1 August 2020 to give employers more time to prepare for the change. After this date, employers will be expected to print or issue […]

Updates to guidance on the treatment of expenses provided to employees during COVID-19

HMRC has updated two pages of guidance in relation to the treatment of certain expenses and benefits provided to employees during coronavirus and on checking which expenses are taxable if employees work from home due to coronavirus. Within guidance, HMRC confirms how to proceed when returning office equipment. If the equipment is provided by the […]

Deadline for placing employees on furlough fast approaching

Companies intending to furlough employees for the first time under the Coronavirus Job Retention Scheme (CJRS), must do so by 10 June 2020, in order to observe the three-week minimum furlough period ahead of 30 June 2020, prior to the implementation of the changes to the scheme from July – October 2020. On 29 May […]