-
-
Recent Posts
-
-
Chancellor Kwasi Kwarteng announces his ‘mini-budget’ with major tax cuts
-
Key points of October 2021 Budget from the Chancellor’s Autumn Budget and Spending Review
-
Self-Employment Income Support Scheme (SEISS) fourth grant – Applications must be made by 1 June
-
New Stamp Duty rates for non-UK residents
-
Highlights of 2021 Spring Budget announced by Chancellor of the Exchequer Rishi Sunak
-
Make a Time to Pay arrangement or pay tax by 1st April to avoid Self Assessment Late Payment Penalties
-
New rules for business travellers, cash declarations and on social security following UK’s exit from Europe.
-
No late filing penalty for Self Assessment 2019-20 tax return filed until 28th February.
-
Are you affected by coronavirus ‘reasonable excuses’ to meet Self Assessment deadline 31 Jan?
-
New lockdown grants to support retail, hospitality and leisure businesses worth up to £9,000 per property
-
CJRS (Furlough scheme) has been extended to end of April 2021
-
NHS & Healthcare workers tax refunds – Claim tax relief for your job expenses now.
-
Self-Employment Income Support Scheme (SEISS) third grant up to £7500: Applications now open
-
Spending Review 2020 – National Living Wage will increase & NHS Doctors and nurses will get a pay rise.
-
-
No Comments
In response to the new national lockdown the CJRS has been extended for a month with employees receiving 80% of their current salary for hours not worked as a new national lockdown will be imposed from the 5 November until at least the 2 December.
Job Retention Scheme
Today the Prime Minister said the government’s Coronavirus Job Retention Scheme (CJRS) – also known as the Furlough scheme – will remain open until December, with employees receiving 80% of their current salary for hours not worked, up to a maximum of £2,500.
Under the extended scheme, the cost for employers of retaining workers will be reduced compared to the current scheme, which ends today. This means the extended furlough scheme is more generous for employers than it was in October.
Employers will need to pay all employer National Insurance Contributions (NICs) and pension contributions. They can choose to top up furloughed employees’ wages beyond the 80% paid by the UK government for hours not worked, but they are not required to do so.
There will be no gap in support between the previously announced end date of CJRS and this extension.
Business Grants
A series of grants, worth up to £3,000 per month will be made available in England to premises forced to close. These grants are being provided under the Local Restrictions Support Grant scheme. In addition to this local authorities are being given additional funds to help support businesses in their area. Members should check their client’s local authority’s websites for up to date information.
Mortgage Holidays
Mortgage payment holidays have also been extended. Borrowers who have been impacted by coronavirus and have not yet had a mortgage payment holiday will be entitled to a six month holiday, and those that have already started a mortgage payment holiday will be able to top up to six months without this being recorded on their credit file.
James Jose
23. January, 2021.
Very pleased by Maatmann, very friendly, amazing service at great price.
Herve Rolland
19. October, 2020.
Maatmann is a very ethical and supportive accounting firm ideal for small businesses. They have provided me with great accounting and tax advice as well as being very responsive when I had questions. I would recommend them to any small businesses.
Joseph Mathew
14. October, 2020.
I am very pleased by Maatmann Accountants. They offer amazing service at a great price. They are very friendly and will explain small business accounting questions step by step to make sure your business is going in the right direction. I am very happy that I found their office. They saved me not only money, but time. A place to get things accounted. Thank you, again for the excellent service.
Thomas Mathew
13. October, 2020.
Maatmann Accountants are very good they Keep My accounting records of my company prepare Company Tax Return to work out how much CT to pay they sort my self assessment on time , Best part is that you don’t have to go to there office every thing is online, I received prompt service from them, I Recommend them for your Tax related Jobs .
Aloysius Mathew
7. October, 2020.
Maatmann Accountants have been providing exceptional services for all my account work since last few years. They have been managing my personal assessment and maintaining my business accounts. prompt, reliable, quick response to my queries. I recommend them to anyone who wants help with accounting and tax. great experience!
Tags: CJRS, Coronavirus Scheme, Covid19 Scheme, Economic Support, Furlough Scheme
Categories: Business Support, Coronavirus Scheme, Job Retention Scheme, Job Support Scheme
Categories: Business Support, Coronavirus Scheme, Job Retention Scheme, Job Support Scheme
