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 ...
Actions to consider now in preparation for new border controls
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 ...
Self Assessment – Time to Pay Arrangements
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 ...
House sales rise following the introduction of stamp duty holiday
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 ...
Jobs Support Scheme Extended
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 ...