Most COVID support grants are treated as taxable income in the same way as other taxable receipts and need to be reported to HMRC. The grants are treated as income where the business is within the scope of either Income Tax or Corporation … Continue reading Declaring Covid Support Grants To HMRC
Redundancy is when you dismiss an employee because you no longer need anyone to do their job. This might be because your business is: changing what it does,doing things in a different way, for example using new machinery, orchanging location or … Continue reading Will the end of furlough mean redundancies in your business?
On 26 June 2020, the Chancellor, Rishi Sunak made a further (third) Treasury Direction under sections 71 and 76 of the Coronavirus Act 2020 concerning the Coronavirus Job Retention Scheme (CJRS). There are a number of important changes to the way … Continue reading Coronavirus Job Retention Scheme Updates
The Chancellor, Rishi Sunak, has announced more details about the extension of the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme, and we’ve outlined these below for you. Coronavirus Job Retention … Continue reading Updates From The Chancellor – CJRS and SEISS
Find out which employees you can put on furlough and claim for through the Coronavirus Job Retention Scheme This is a summary of information on the Government website. Employees you can claim for You can only claim for furloughed employees … Continue reading Updated Guidance To The Employees You Can Furlough
Chancellor, Rishi Sunak has announced that the Governments' Job Retention Scheme will remain open until the end of October. To date the CJRS has kept 7.5 million workers employed, with almost 1 million businesses having taken advantage of the … Continue reading CJRS Extended Until October
Avanti share FAQs on the CJRS, from the information needed to claim to tax implications and NI deductions. What information is required to make a claim? To claim, you will need: your PAYE reference numberthe number of employees being … Continue reading Coronavirus Job Retention Scheme: FAQs
Do you employ Apprentices? Apprentices can be furloughed in the same way as other employees and they can continue to train whilst furloughed. However, you must pay your Apprentices at least the Apprenticeship Minimum Wage, National Living Wage … Continue reading Coronavirus Job Retention Scheme (CJRS) – Apprentices