“Rule of Six” is the New Law for Social Events and Gatherings Starting 14 September 2020, any social gathering cannot have more than six people (including children) at one place, be it indoors or outdoors, in England. Though this rule does not impact workplaces directly, how does it affect work-related social events? Before 14 September, […] Read More →
Coronavirus Job Retention Scheme (CJRS) Deadline Fast Approaching The second deadline of government’s Coronavirus Job Retention Scheme (CJRS) is approaching soon. Here is what you need to do. Rishi Sunak, the Chancellor announced that the scheme will remain open until the end of October. Rishi Sunak has announced several new plans in as the UK […] Read More →
How to Get £1,000 Bonus for Each Furloughed Employee? HMRC has released guidance on who is eligible for the £1,000 per employee Job Retention Bonus. In August 2020, the government has announced a payment to UK employers of £1,000 for each furloughed employee, under the Coronavirus Job Retention Scheme. This is for the employees who […] Read More →
Self-Employment Income Support Scheme Grant Extension Self-employed individuals who are currently eligible for the Self-Employment Income Support Scheme (SEISS) and are actively continuing to the trade but are affected by Coronavirus (COVID-19) will now receive grant extension from November 2020 to April 2021. The extension will provide two grants and will be covered for six […] Read More →
Flexibility for Business Finances to Manage Costs and Protect Jobs Bounce Back Loan Scheme (BBLS) is one of many measures the government has introduced since March to reduce pressure on business finances amid the COVID19 chaos, allowing businesses to manage their costs and protect jobs. Business owners who borrowed loan through the Bounce Back Loan […] Read More →
Chancellor Rishi Sunak Cancels 2020 Annual Budget Rejecting the rumours of an impending tax grab, Chancellor Rishi Sunak has cancelled the 2020 Autumn Budget and expressed, he will announce new financial measures to respond to the worsening COVID19 crisis. The annual budget is the time when new tax measures are announced by the government. Mr […] Read More →
Disguised Remunerations: Loan Charge Deadline Fast Approaching Individuals who owe tax against disguised remuneration loan schemes have time till 30 September 2020 to settle what they owe, else face even bigger tax bill later. HMRC has published guidelines on refunds of voluntary payments. Whatever are the outstanding disguised remuneration loans that are subject to the […] Read More →
Is it Healthy to Wear Face Masks/Coverings at Work? As the number of COVID19 cases is on the rise, there is a growing debate on whether or not wearing face masks be made mandatory for the employees at the workplace. People are concerned about what are the health and safety compulsions that employers have towards […] Read More →
New Grants Announced for Businesses Affected by Lockdown Businesses in England that are required to close down because of government-imposed COVID 19 local lockdown are not entitled to a new grant, the United Kingdom government announced on September 9, 2020, after fresh waves of failures. The businesses can now claim up to £1,500 per property […] Read More →
HMRC Changes VAT Rules on Early Termination Fees Amidst the COVID 19 chaos on September 2, 2020, HMRC has suddenly taken a reverse stand on early termination fees, announcing such fees are now dependent on VAT. The issue is concerned with the VAT treatment of payments a business charges to enable clients to withdraw from […] Read More →