The Government has announced that it is going to extend the Coronavirus Job Retention Scheme until the end of March 2021, not pay the Job Retention Bonus in February, increase the third self-employed grant, covering November to January, from 55% to 80% of trading profits and increase the application deadline for loan schemes
The Job Support Scheme, both Open and Closed, will be open from 1 November 2020 and run for 6 months, until 30 April 2021. The government will review the terms of the scheme in January.
The latest updates to the Job Support Scheme, Self Employment Income Support Scheme, Job retention bonus and HMRC Time to Pay Service Extended
The Chancellor Rishi Sunak has announced a package of new measures to support the economy during the Coronavirus pandemic including a new job support scheme, continuing reduced VAT rates, and additional time to pay deferred taxes.
In this Summer edition of the PayLessTax newsletter, we look at the variety of tax options open to corporate firms who make losses, as well as revealing how businesses can take steps to look forward to navigate their way out of this pandemic.
A roundup of latest COVID-19 Updates for August 2020
A summary of the most recent changes being made to the Coronavirus Job Retention Scheme (CJRS).
In this Covid-19 Spring edition of the PayLessTax newsletter, we cover off some of the difficult, emotive tax issues concerning dealing with a deceased’s estate pre and post death, the importance of a Will and the need to review it, cash flow planning for the self-employed and, likewise, from a VAT perspective, plus a range of quick fire tips, with the goal to improve the cash position for individuals, families and businesses going forward at a time when finances maybe tight.
The most recent updates affecting employees and directors under the Coronavirus Job Retention Scheme
HMRC have set up a dedicated phone helpline to support businesses and the self-employed who are worried about not being able to pay their taxes, due to the outbreak of coronavirus. The helpline number is 0800 0159 559.
