HMRC will publish some of the employer’s claim information Employer claim information that HMRC will make public As part of HMRC’s commitment to transparency and to deter fraudulent claims, we will publish information about employers who claim for periods starting on or after 1 December 2020. The following information will be published on GOV.UK: the…Read More
Are you Ready for the New Rules for Businesses and Citizens from 01/01/21? There is just over a month to go until the end of the Brexit transition period and there will be new rules to follow from 1st January 2021 onwards for both businesses and citizens. Please do check to see if there is…Read More
Furlough Scheme Reinstated for 2nd National Lockdown The furlough scheme has been reinstated with the similar conditions as applied in August 2020. The CJRS grant will pay for 80% of the employee’s current wages for time not worked, up to £2,500 per month. The employer must pay for all the employer’s NIC and employer’s minimum workplace pension contributions on…Read More
New Job Support Scheme – Starting 1st November 2020 The new Job Support Scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19, to help keep their employees attached to the workforce. How does it work? The company will continue to pay its…Read More
Covid winter rescue plan: What you need to know Chancellor Sunak revealed five measures to help businesses survive into 2021: a job support scheme, more SEISS grants, improved loan terms, further deferrals of tax payments and a continuation of the 5% VAT for the hospitality sector. Trick or treat came early this year as during…Read More
Corona Virus Business Interruption Loan Scheme – CBILS This UK government initiative, whilst the business remains primarily responsible for the repayment, comes with a 80% guarantee being offered by the Government to the lenders and has seen significant activity since it was introduced, with over £50 billion lent so far. The current, main eligibility criteria…Read More
We’ve updated our vital read – the Coronavirus Business Support Guide, whether you an individual, own a business owner or are a sole trader, you will find this guide extremely helpful. If you are not already a client of CCL Accountants Milton Keynes and would like to join our client portfolio, please call us on…Read More
Here are the Summer Economic Update highlights. We will update you on the details in the next few days as the Government publishes the specifics of the supports. The “Plan for Jobs” PDF can be seen: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/898421/A_Plan_for_Jobs__Web_.pdf CORONAVIRUS JOB RETENTION SCHEME (CJRS) AND JOB RETENTION BONUS The CJRS ends in October and the Chancellor looked…Read More
If you join Camfield Chapman Lowe’s Tax Investigation Fee Protection Scheme you don’t just get the benefit of being protected from the costs associated with a HMRC tax investigation but you have FREE access to the advice lines below. Employement Law, Health and Safety Advice and Commercial Legal Advice. You will also receive discounts on…Read More
Tax Investigation Fee Protection Scheme What Is the Tax Investigation Fee Protection Scheme? The Tax Investigation Fee Protection Scheme covers you against the cost of any professional fees that you incur as a result of being investigated by HMRC. Tax investigations are time consuming, complex and stressful. You will require specialist advice from us during…Read More
On 29 May the Chancellor announced that the grant scheme to support the self-employed would also be extended with a further payment based on 70% of average profits for the 3 years ended 2018/19, limited to £6,570 rather than £7,500. The eligibility criteria remain broadly the same as the first grant claim. Self-employed profits in…Read More
From 1 July the new CJRS “Flexible furlough” grant scheme starts, which will allow employers to gradually bring their furloughed employees back to work part-time. The new scheme will be in place until the end of October and the Government will gradually reduce the amount of grant towards employees’ furlough pay to 70% in September…Read More
During the lockdown period many employees and Directors have not been using their company cars and instead the vehicles have been sitting on driveways. Unfortunately that does not mean you have not had the benefit of a company car unless employees have been able to virtually hand the car back to their employer – by…Read More
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