The result of the case The Court of Appeal found in favour of HMRC that certain types of modified crew cab vehicles should not be classed as ‘vans’ for income tax and national insurance purposes but as cars instead. https://www.judiciary.uk/wp-content/uploads/2020/07/HMRC-v-Payne-Ors-Approved-Judgment-002.pdf What does the tax legislation say a van is? It is a goods vehicle and […]
Employers will receive funding of up to 100% of the National Minimum Wage from the Government for each employee (aged 16-24) covering a maximum of 25 hours a week. The Government will also cover the relevant employers National Insurance costs. The Government will also cover the relevant employer automatic enrolment pension scheme contributions. A business […]
Basic outline The Government are reducing certain VAT rated supplies down from the 20% standard rate down to a 5% temporary rate. It covers the period from 15th July 2020 to 12th January 2020. Aimed at the hospitality, hotel and holiday accommodation sectors as well as admissions to certain attractions. Food and drink The […]
The aim of EOHOS Government incentive to encourage people to eat or drink in eligible establishments during the month of August 2020. To assist the hospitality and leisure sector on the road to recovery. How does the incentive work? It offers the diner(s) a 50% discount up to a maximum of £10 (VAT inclusive) […]
Chancellor of the exchequer, Rishi Sunak made his Summer economic update today. This outlines new measures designed to assist in reviving jobs and the economy following the outbreak of the coronavirus. With predictions that the world will suffer its worst ever economic recession, the chancellor anticipates that the UK’s economy has shrunk by 25%. Job Retention […]
Example 1 Tom Pope has worked for Askey Ltd for many years. He was not furloughed in March, April or May. If Askey Ltd want to furlough Tom and make a claim under CJRS plus be able to furlough him again from 1st July, then, Tom must have been furloughed on or before 10th June […]
Employers please be aware a number of changes will apply to the Coronavirus Job Retention Scheme (CJRS) from 1st July. Whilst there will be new flexibilities, there are also more complexities if you are to continue to qualify for the government grant. The position up to 30th June Any eligible employee who had not […]
Example 1 Mary has been furloughed in April for 4 weeks but is working again. Her employer does not furlough Mary in June. The result: The employer can furlough Mary again, on and off, from 1st July and make a CJRS claim, as she has been furloughed in the past. Example 2 Joseph has been […]
The Self Employed Income Support Scheme (SEISS) Portal link Just in case you haven’t seen the Claim portal for the self-employed income support claim, please see the link below: https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme We have been made aware that many self-employed individuals have been waiting to receive their letters from HMRC which have not materialised. We emphasise to the […]
What is this FFS? It is a Government convertible loan scheme. Initially, the Government will make available £250 million in total through the British Business Bank. The convertible loans will range from £125,000 to £5 million in total. Who is this loan offering aimed at? High- growth tech start-ups who are struggling under the current […]
