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The Accountants for Growth

HMRC publishing notes - furlough claims from December 2020

HMRC publishing notes - furlough claims from December 2020
HMRC will publish some of the employer’s claim information
 
As part of HMRC’s commitment to transparency and to deter fraudulent claims, they will be publishing information about employers who claim for December onwards on the Coronavirus Job Retention Scheme. The following information will be published on GOV.UK from February 2021:
 
  • The employer name
  • An indication of the value of the claim
  • The company number for companies and Limited Liability Partnerships (LLP)
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Self employed income support claims at risk

Self employed income support claims at risk
Respond today to HMRC emails sent to the self employed or possibly lose the right to make further claims.
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Further support Chancellors’ Winter Economy Plan

Further support
Chancellors’ Winter Economy Plan
The Chancellor has been under pressure to help businesses more and has now announced further support.
 
A new Job Support Scheme (JSS)
From 1st November 2020 for 6 months the government will top up wages for those employees working shorter hours than their ‘normal hours’ for businesses facing lower demand due to COVID-19.
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Access the Furlough Scheme in order to save your business and the jobs of your team

Access the Furlough Scheme in order to save your business and the jobs of your team
Information on how the Government's Job Retention Scheme is likely to work.
The objective of my blog is to help explain how the Furlough Scheme is likely to work so that you can see how it will benefit your business. I must say that this articles is based on my understanding of the Sheme, based on the information released so far and should not be relied on for advice at this stage
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National Minimum Wage 2020

National Minimum Wage 2020
The treasury has announced that from 01 April 2020, the National Living Wage will increase by 6.2%. In real terms, this means that any employee over 25 years of age must now be paid at least £8.72 per hour.For those of you who are or employ workers aged under 25, there are also increases to the other minimum wage bands between 4.6% and 6.5%.
 
National Minimum and Living Wage rates are reviewed annually and changes are usually effective from April each year. The current and historic minimum wage bands can be checked at any time at https://www.gov.uk/national-minimum-wage-rates
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