Covid update 13. Scams, fake sites, tracking frauds…look out
Criminals are taking advantage of the current crisis to try to scam people. HMRC have identified more than 70 COVID related scams (yes…70! so far) and have asked Internet Service Providers (ISPs) to take down over 500 malicious websites associated with these criminals (500!). With things changing so quickly it is important that you remain […]
Read More
Covid update 12. SSP (Statutory Sick Pay)
HMRC has advised some more details of SSP (Statutory Sick Pay) as it relates to COVID-19 assistance. This information is current at at 13th May 2020 at 11:00am and will be updated. Government funding only covers up to 2 weeks’ SSP SPP will be repaid to employers from “day one”. That is, the employee does not […]
Read More
Covid update 10. More links & info
HMRC just sent this to tax agents. It has new links that are very useful; “We understand COVID-19 is creating difficult times for all. Instead of our usual Agent Update, we have decided to send this email to highlight changes to existing MTD related information that you may need at this time. COVID-19 guidance on GOV.UK All HMRC COVID 19 guidance is included on GOV.UK as part of the Government’s response to COVID […]
Read More
Covid-19 update 9. DWP payments
The Department of Workplace and Pensions (DWP) has stopped recovery action. This means that your employer need not take “DEA payments” (Direct Earnings Arrestments) from your pay at the current time. DEA payments include benefit overpayments tax credit debts social fund loans You can hear a recorded message on its debt management hotline on 0800 […]
Read More
Covid-19 update 8. More details to hand.
More details have come to hand as accounting bodies and journalists ring the Treasury to clarify details. The Self-employment Income Support Scheme gives self-employed people who qualify 80% of average profits over three months in one lump sum sometime in June 2020. There is an upper limit of £2500 a month or £7500 over the three months. […]
Read More
Covid-19 update 7. More links and Vidz
Here are two very helpful vidz that lay things out in a systematic way. Self employment Income Support Scheme Job Retention Scheme Self-employment Income Support Scheme. The Chancellor announced a new Self-employment Income Support Scheme to support self-employed people who have been adversely affected by COVID-19. GOV.UK has further details about who is eligible for the scheme […]
Read More
Covid-19 update 6. Thursday 26th March 2020. Useful links
We are doing what we can to forward information as it comes to hand. Click on the links below to access each website or to download each guide / article. Coronavirus business interruption loan scheme (CBILS) Company accounts 3 month extension from Companies House Government advice for employers, employees and the self-employed Government guide for […]
Read More
Covid-19 update 5. Thursday 26th March 2020
For today; Auto Enrolment pensions. With the global impact of coronavirus dominating daily news, some of you and your workers may also be asking what this means for pension savings. We recognise this is a difficult time and we’ll be updating this page regularly. Presently, employers’ duties remain unchanged, so please where possible continue to […]
Read More
Covid-19 update 4 (for Charities). Tuesday 24th March 2020
The Office of the Scottish Charity Regulator (OSCR) has advised the following; AGM’s – OSCR advises; “It may be that by postponing your AGM, you are not fulfilling what it says in your governing document. However, we would be understanding and proportionate about that. We would still ask you to send as much as you […]
Read More
Covid-19 update 3. Friday 20th March 2020
The Chancellor of the Exchequer has just held a press conference today, 20th March 2020 at 5:00pm. Here are the details he had just announced. Employees Wage support 80% of an employee’s wage up to £2,500 will be paid if the employee was retained (was going to be made redundant) this will be backdated to […]
Read More