Last month we commented on the changes to the Coronavirus Job Retention Scheme (CJRS) that commenced at the beginning of this month (1 July 2020). Now that we have the option to bring back employees on a part-time basis and still have a measure of…
News
Calculating holiday pay for workers without fixed hours
Government guidelines on this topic advise: The amount of pay that a worker receives for the holiday they take depends on the number of hours they work and how they are paid for those hours. The principle is that payments received by a worker while…
Trade Credit Insurance Update
Trade Credit Insurance provides cover to hundreds of thousands of business to business transactions, particularly in non-service sectors, such as manufacturing and construction. It covers suppliers selling goods against the company they are selling to, defaulting on payment and giving businesses the confidence to trade…
Coronavirus Job Retention Scheme (CJRS)
On 12 May 2020, the Chancellor confirmed that this scheme will be extended until 31 October 2020. On the 29th May he confirmed the details of how the scheme would be changed to a flexible arrangement from 1 July 2020. Until 1 September 2020, claims…
Self-employed grants claim process now open
Since 13 May 2020, it has been possible to use online processes, accessed via the gov.uk website, to either: Clarify if you are eligible to apply for the Self-Employed Income Support Scheme Lodge your claim. Payment should usually be in your bank account within 6…
Self-Employed and Job Retention Scheme Changes
The Chancellor, Rishi Sunak, has outlined how the Coronavirus Job Retention Scheme will operate moving forward to allow for employees to return to work part-time. Following that announcement, self-employed workers got a boost when it was revealed that they will be able to get Government…
Companies House support for ailing businesses
The following announcement was recently made by Companies House: Businesses will be given additional support to help them meet their legal responsibilities under changes announced today (16 April 2020). Companies House will temporarily pause the strike-off process to prevent companies from being dissolved. This will…
Claiming Child Benefits for New-Borns
General Register Offices are currently operating with reduced capacity and with government guidance to social distance and stay at home, new parents are advised not to visit them. They can however still claim Child Benefit without having to register their child’s birth first to ensure…
Furlough Scheme Extended to 31 October 2020
The Chancellor, Rishi Sunak has announced significant changes to the Coronavirus Job Retention Scheme, now commonly referred to as the furlough scheme. The scheme had been due to run until at least 30 June 2020. The Chancellor has now confirmed to the House of Commons…
Coronavirus Business Interruption Loan Scheme (CBILS)
There has been considerable commentary in the media about this support initiative as business owners – struggling to cope with the reduction in their cash resources due to the COVID-19 outbreak – are finding it difficult to secure support from their bank. Readers will be…