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The original plan for the scheme would have meant employers paying one third of their employees’ wages for their hours not worked, as well as normal wages for the time actually worked, making the overall cost of retaining staff on part-time hours prohibitive for many businesses. The changes announced should bring more flexibility to the JSS and reduce costs to employers for em ...

Businesses are able to get a personalised summary of the actions they need to take in preparation for new border controls in 2021 at gov.uk/transition. This will assist in : Being ready for new customs procedures for imports and exports Checking if you need a visa or work permit for travel to the EU Preparation for the new immigration system Ensuring you can continue to ...

Under government announcements, a taxpayer had the option to defer their second payment on account for 2019/20 if they were: registered in the UK for self assessment and; finding it difficult to make that payment by 31 July 2020 due to the impact of coronavirus. The deferred 31 July 2020 payment on account can be paid in full any time up to 31 January 2021. No interest c ...

The government has announced that residential property transactions rose 15.6% in August following the introduction of a stamp duty holiday. The government has announced: a rise in sales supports nearly three quarters of a million jobs in the sector – with new homeowners also spending extra cash on decorating, furniture and appliances a 30% boost in output in July for the ...

Updated 9th October 2020 Chancellor Rishi Sunak has announced an extension to the Jobs Support Scheme, which is due to begin on 1 November 2020. The government recently announced how the Jobs Support Scheme would contribute 1/3rd of the shortfall of wages (capped at £697.72pm) for employees who were working reduced hours, but working at least 33% of their normal (pre-furlough ...

Updated 24th September 2020 The government also announced it will extend the temporary 15% VAT cut for the tourism and hospitality sectors to the end of March 2021. This will give businesses in the sector - which has been severely impacted by the pandemic - the confidence to maintain staff as they adapt to a new trading environment. In addition, up to half a million businesse ...

Updated 24th September 2020 The SEISS Grant Extension provides critical support to the self-employed. The grant will be limited to self-employed individuals who are currently eligible for the SEISS and are actively continuing to trade but are facing reduced demand due to COVID-19. Who is eligible? To be eligible for the scheme, self-employed individuals, including members of ...

Updated 24th September 2020 The Chancellor of the Exchequer has extended the government’s three Coronavirus business interruption loan schemes and the Future Fund. The extension aligns all the end dates of the schemes to 30 November, ensuring that there is further support in place for those who may need it. More businesses will now be able to benefit from the Coronavirus Busi ...

Released 24 September 2020 Chancellor Rishi Sunak has unveiled his winter economy plan, providing an update on current coronavirus support measures for individuals and businesses, and announcing the launch of a new Job Support Scheme. Key points of the statement include: the Coronavirus Job Retention Scheme (CJRS) will end as planned on 31 October 2020; a new Job Support ...

Updated 24th September 2020 The Chancellor, Rishi Sunak, has set out the government's new job retention measures in a statement to the House of Commons today. The furlough scheme will come to an end, as planned, on 31 October 2020. The new Jobs Support Scheme involves the government supporting the wages of people in work, giving employers the option to keep people in work on ...