Furlough Update
The CJRS is due to end on 30 September 2021. For claims relating to August and September 2021, the government will pay 60% of wages up to a maximum cap of £1,875 for the hours the employee is on furlough.Claims for September must be submitted by 14 October 2021 and any amendments must be made…
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HMRC Recovery £1 Bn of Furlough Fraud
HMRC is set to recover over £1bn of fraudulent or mistakenly claimed furlough money over the next two years Chief executive at HMRC, Jim Harra predicted that the tax authority looks set to recover over £1bn from fraud related to the covid-19 support schemes over the next two years. At a Public Accounts Committee in…
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National Living Wage and National Minimum Wage rise from 1 April
Millions of workers in all parts of the UK will receive a pay increase from today as minimum pay rates rise, with the age threshold reduced to 23 year olds Around two million of the UK’s lowest-paid workers will benefit from an increase in National Living Wage and National Minimum Wage. The National Living Wage…
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Five furlough changes you need to know about
The government has now published its official guidance for the Coronavirus Job Retention Scheme, which has been extended until 30 April 2021. The long-awaited government guidance confirms many of the details surrounding the extended furlough scheme for employers. Overall, it outlines that despite the increase in flexibility that the extended scheme provides when compared to…
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Claiming the Furlough From November 2020
HMRC PUBLISHED DETAILS OF THE EXTENDED CJRS ON THE 10 NOVEMBER What you need to do for the claims – for periods from 1 November (HMRC email 10 November) Read the new guidance – go to GOV.UK and search ‘Extension to the Coronavirus Job Retention Scheme’ – to check if the clients’ employees are eligible.…
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Tax Scams in the Pandemic
A Freedom of Information request from the firm has revealed taxpayers reported 9,948 Covid-related scams to HMRC between January and June. Activity peaked in May, with 5,048 incidents explicitly mentioning Covid, then proceeded to fall by over 55% to 2,495 in June. The total number of all phishing scams reported to HMRC was 44,777 in…
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Kickstart Scheme
You can use the Kickstart Scheme to create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment. The job placements should support the participants to develop the skills and experience they need to find work after completing the scheme. Funding is available for 100% of…
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Coronavirus Job Retention Scheme Compliance Letters
The first wave of compliance letters regarding the Coronavirus Job Retention Scheme (CJRS) were issued last week as HMRC moves into the post transaction review phase of the scheme. The first batch of letters started to land on doormats from Wednesday 18 August. HMRC will be asking questions where they have concerns over the validity…
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Furloughed Workers and Redundancy Payments
Employees with more than two years’ continuous service who are made redundant are usually entitled to a statutory redundancy payment that is based on length of service, age and pay, up to a statutory maximum. The government said throughout the pandemic, it has urged businesses to do right by their employees and pay those being…
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