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 ...

HMRC are inviting those individuals that are self employed or a member of a partnership and have been adversely affected by coronavirus to claim a second grant under the Self Employed Income Support Grant. Applications for the first grant under the scheme closed on 13 July 2020. The second and final taxable grant is worth 70% of an individual's average monthly trading profits ...

The Kickstart Scheme provides funding to employers to create job placements for 16 to 24 year olds. The government has introduced a new Kickstart Scheme in Great Britain, a £2 billion fund to create hundreds of thousands of high quality 6-month work placements aimed at those aged 16 to 24 who are on Universal Credit and are deemed to be at risk of long term unemployment. Fund ...

From 1‌‌ September HMRC will now pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work. What you or your clients need to do now Continue to pay furloughed employees 80% of their usual wages for the hours they do not work, up to a cap of £2,500 per month. Employers will need to fund the difference between this and the CJRS g ...

The Kickstart scheme is aimed at helping unemployed young people into work. The new scheme will see hundreds of thousands of state-funded jobs created for 16-to-24-year-olds who are currently claiming Universal Credit and at risk of long-term unemployment. Those who sign up can start in the autumn and there is no cap on the number of people who can sign up to the scheme. The K ...

From 1 August 2020 - 31 Jan 2021, Businesses will be given £2,000 for each new apprentice they hire under the age of 25, and £1500 for every new apprentice over the age of 25. If your business has more than 50 employees, then you pay just 5% of the apprenticeship training costs, with the government funding the remaining 95% of the training costs. Additional payments of up to ...

On 1 August, the government's Eat Out to Help Out scheme began operating at eateries across the country. The scheme was announced by Chancellor Rishi Sunak in his Summer Economic Update. It provides a 50% reduction of up to £10, for sit-down meals in participating cafes, restaurants and pubs across the UK from Monday to Wednesday every week throughout August 2020. Those estab ...

Taxpayers who have received CJRS or SEISS grants are urged to doublecheck their entitlement as the 90 day period to inform HMRC of any overclaimed amounts is now law. Finance Act 2020 includes legislation that the Coronavirus Job Retention Scheme (CJRS), Self-employment Income Support Scheme (SEISS), Coronavirus Statutory Sick Pay Rebate Scheme and coronavirus business support ...

HMRC has outlined the eligibility requirements for the Job Retention Bonus (JRB) that follows the furlough scheme as part of the government's measures to support the economy through the COVID-19 lockdown. The government's Coronavirus Job Retention Scheme ends on 31 October 2020 and the JRB aims to provide additional support to employers who keep on their furloughed employees i ...