The government is continuing its support for millions of self-employed individuals by extending the Self-Employment Income Support Scheme (SEISS) grant. Self-employed individuals and members of partnerships who are eligible for the SEISS and are actively continuing trading but are experiencing reduced demand due to coronavirus (COVID-19), will be eligible for a further SEISS grant to […]
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A new Job Support Scheme will be introduced from 1 November to protect jobs where businesses are facing lower demand over the winter months due to coronavirus (COVID-19). How will the Job Support Scheme work? Under the scheme, the government will subsidise the pay of employees who are working fewer than normal hours due to lower
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Frrom 15 July until 12 January 2021, the UK government will cut VAT from 20% to 5% on any eat-in or hot takeaway food and drinks from restaurants, cafes and pubs, excluding alcohol. This VAT reduction also applies to all holiday accommodation in hotels, B&Bs, campsites and caravan sites, as well as attractions like cinemas,
Job Retention Bonus is a one-off payment of £1,000 to employers that have used the Coronavirus Job Retention Scheme (CJRS) for each furloughed employee who remains continuously employed until 31 January 2021. The bonus will provide additional support to retain employees. To be eligible, employees will need to: earn at least £520 per month (above
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The PRS Landlord (non-business) Covid-19 Loan will provide short-term support for landlords where tenants are having difficulty paying rent as a result of the impacts of Covid-19. Landlords should be engaging with their tenants to manage these difficulties and this loan is intended to support them to do this. The interest free loan is available
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Do you have a question about Coronavirus Job Retention Scheme/Furloughed employees? please contact Saeed Sharif Chartered Certified Accountant, Assuring you of our best attention at all times. From 1 July, employers can bring back to work employees that have previously been furloughed for any amount of time and any shift pattern, while still being able
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You can now check if you are eligible to claim Self-Employment income support Scheme by using HMRC online tool. You will need the following information: Self-Assessment Unique Taxpayer Reference (UTR) National Insurance number. By using the HMRC eligibility checker you will be able to know if you are eligible to make a claim and the
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Last month, Chancellor of the Exchequer Rishi Sunak announced a £330 billion coronavirus business interruption loan scheme. However, there were reports that the application process for the scheme was complicated, payments were delayed in reaching firms, and that banks were requesting personal guarantees (such as homes) for small loans. On 27 April 2020 the Chancellor outlined a
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