Covid-19

TT343: CJRS claims - publication of claimant companies details

February 24, 2021

Might your name be disclosed online for using the Coronavirus Job Retention Scheme? It might come as a surprise to learn that the Government are publishing the names of companies which have claimed money for furloughe . . .

CJRS extended further into March 2021 and SEISS increased

November 05, 2020

The Chancellor, Rishi Sunak, has just announced in Parliament that the Coronavirus Job Retention Scheme (or "furlough scheme") will be extended further, into March 2021. The level of support will remain at the level c . . .

CJRS extended through November

November 01, 2020

Yesterday evening, the Prime Minister announced that there will be a 4-week nationwide "lockdown" effective from 5 November. These restrictions will require certain businesses and venues to close. In anticipation of t . . .

Support increased: Job Support Scheme, SEISS and business grants

October 29, 2020

Job Support Scheme (“JSS”) JSS Open For employers who can operate safely but continue to face reduced demand, the Job Support Scheme, through JSS Open, will provide support to help these employers keep employees on . . .

Bounce Back Loan Scheme extended

October 21, 2020

The application date for the Bounce Back Loan Scheme (BBLS) has now been extended to 30 November, and the loan repayment process made more flexible. To date, the BBLS has provided more than a million loans between £2,0 . . .

New Jobs Support Scheme and continuing business support measures

September 24, 2020

Following the announcement yesterday that the Autumn Budget had been cancelled, the Chancellor Rishi Sunak today announced a new Jobs Support Scheme which will replace the Coronavirus Job Retention Scheme (CJRS). The Cha . . .

Kickstart Scheme launched

September 02, 2020

The Kickstart Scheme, announced by the Chancellor in July's Summer Statement, is launched today. What is the Kickstart Scheme? The Kickstart Scheme is grant funding to create new 6-month job placements for young people . . .

COVID-19 support - latest updates

August 14, 2020

Self-Employment Income Support Scheme (“SEISS”) – Grant 2 Self-employed individuals or members of a partnership can claim the second SEISS grant if the business has been adversely affected on or after 14 July 202 . . .

Furlough planning thoughts and redundancy

As an update to our blog earlier last week, I wanted to emphasise the importance of planning with regards to possible future redundancies. Most of you will now know, the covid job retention scheme (CJRS) is changing a . . .

CJRS - employers have until 10 June to bring employees into scheme

Last Friday, HM Government announced the outline of how the Coronavirus Job Retention Scheme (“CJRS”) will develop following the initial 4-month period. The scheme will become more flexible from 1 July, allowing b . . .

Coronavirus Job Retention Scheme (CJRS): Extension and part-time working

On 29th May 2020, Chancellor Rishi Sunak announced changes to the Coronavirus Job Retention Scheme (CJRS) starting from the 1st July 2020. Detailed guidance is yet to be issued at the time of writing, however, what has b . . .

Bounce Back Loan Scheme (BBLS)

What is it? The Bounce Back Loan Scheme (BBLS), provides financial support to small businesses across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak. Small f . . .

Government announces start-up support plan

The Chancellor Rishi Sunak has announced a £1.25bn support package for start-up and tech-driven companies who may be unable to access the existing COVID-19 support measures. Start-up innovative businesses can often b . . .

Chancellor Extends Furlough Grant Scheme to 30 June

Rishi Sunak has today announced that the Government will be extending the availability of the Coronavirus Job Retention Scheme (CJRS) for one month until 30 June. This move will be welcomed by many employers who are r . . .

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

What is it? The Coronavirus Large Business Interruption Loan Scheme (CLBILS) will open on Monday 20 April 2020. It is designed to provide financial support to mid-sized and larger businesses across the UK that are losin . . .

Extension of eligibility cut-off date for claims for furloughed employees under CJRS

HMRC have just announced that it will not only be employees on the payroll as at 28 February 2020 who are eligible to be furloughed and the grant claimed. New guidance published yesterday has confirmed the eligibility . . .

Coronavirus Job Retention Scheme (CJRS) FAQs

Last updated 1 June 2020 What is the CJRS? The CJRS is a Government scheme aimed at stopping workers from being laid off due to the COVID-19 crisis. Under the CJRS, employers can access grant support to continue to . . .

Covid-19: What help is available

To find out about what help is available, click here for our PDF.

Coronavirus Business Interruption Loan Scheme (CBILS) and Coronavirus Large Business Interruption Loan Scheme (CLBILS)

Updated as at 3 April 2020 Coronavirus Business Interruption Loan Scheme (CBILS) What is it? The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the . . .

CBILS Loans - update and application planning

As people may be aware, the CBILS initiative put forward by Government has up to now failed to be the source of emergency funding that the Chancellor trumpeted it would be. The overriding reason for this has been Gove . . .

Coronavirus Business Interruption Loan Scheme (CBILS) - FAQ

What is the Coronavirus Business Interruption Loan Scheme (CBILS)? The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK that are losing revenu . . .

Employees working from home – what is taxable?

HMRC have published guidance for employers on what equipment, services or supplies are taxable if employees are working from home due to either employers’ workplaces being closed, or if they have been advised to self-i . . .

Update to Furloughed Workers

As and when further detail is being released by the government we are able to update our guidance to you. We have compiled below the most up to date guidance on furloughed workers and the calculation of furlough salar . . .

COVID-19: Government Help for the Self-Employed - extended on 29 May 2020

On 26th March 2019, Chancellor Rishi Sunak announced assistance for the self-employed, intended to be analogous to the help already announced for furloughed employees. The basics of what has been announced are set out be . . .

Furloughing employees

There have been a flood of questions following the Government’s announcement of the availability of a grant to cover 80% of the wages of staff furloughed during the COVID-19 crisis. We are still awaiting detailed gu . . .

Self-assessment payment on account deferral confirmed

Following some uncertainty, the Government have now updated their guidance to confirm that all self-assessment taxpayers, not just the self-employed, are eligible to defer their July 2020 payment on account until January . . .

VAT Deferral Scheme

In line with the VAT deferral scheme please cancel your direct debit so automatic collection does not happen. . . .

Mortgage Payment Holidays & Protection for Renters

The FCA has issued the below guidance: Payment holidays A ‘payment holiday’ means you agree with your lender that you will not have to make mortgage payments for a set amount of time. Payment holidays are desig . . .

HMRC set to revise down late payment interest rate!

As HMRC interest rates are linked to the Bank of England base rate they are set to revise down the late payment interest rate which has been at 3.25% from 21st August 2018. This is in light of the quick succession of red . . .

COVID 19: INSURANCE

Many businesses will have insurance for business interruption and will be keen to know if this policy covers losses arising from the present national emergency. This paper deals with two areas:- Where the b . . .

Support for businesses through the Coronavirus Job Retention Scheme

Under the scheme companies will still be able to pay part of employees salaries who would have otherwise been made redundant during the current crisis. Up to 80% of the employees salary, capped to £2,500, is reclaimabl . . .

Useful Links to Government Guidance

For easy access to the latest guidance from the Government for employers, businesses and employees click on the links below COVID-19: support for businessesCOVID-19: guidance for employees . . .

COVID-19: Support for businesses / Business Rates

COVID-19: Support for businesses / Business Rates Business rates were included in the package of measures that the Chancellor set out to support businesses. In summary, there is a 12-month business rates holiday for . . .

A summary of the various business support and assistance available from the Government.

We have put together a summary of the various business support and assistance available from the Government. This is obviously a fast-changing scenario and the document will be updated as information is released. . . .

Formulating your plan to beat the virus

We are encountering unprecedented times and there will be many difficulties to overcome in the next few months until government restrictions are released and we can all hopefully go about our business with some degree . . .

COVID-19 - Corporate Financing Facility

Under the new Covid-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies. This will support your company if it has been affected by a short-term funding squeeze, and all . . .

Companies House to allow coronavirus-related filing extensions

Businesses affected by the COVID-19 pandemic can now apply to Companies House to request an extension to file their accounts, reports and confirmation statements. The maximum extension is three months, but stringent . . .

Summary of the latest government assistance measures

At Barnes Roffe we have put together a summary of the latest government assistance measures as at 18 March 2020. If you click on the links within the text you can access further information directly from HMRC . . . .

Covid-19 HMRC business support announced

The Chancellor has announced the following business support in light of the pandemic caused by the Coronavirus (Covid-19) outbreak:- A new Coronavirus Business Interruption Loan Scheme, delivered by the British Busin . . .

TT320: Delay to off-payroll working reforms

Amidst the uncertainty caused by the economic impact of covid-19, there has been a welcome reprieve for businesses grappling with the introduction of the off-payroll working reforms to the private sector. Steve Barcla . . .

The Chartered Institute of Taxation