Tax Matters

Job Support Scheme - starting 1 Nov

The chancellor announced a quite substantial revision to the Job Support Scheme on Thursday, and we suspect the more generous support may mean more employers utilise it.

Example of calculations of government grant under the open JSS scheme

Overnight the policy paper on the announcements made by the chancellor yesterday was published

Wales – Financial support for Businesses

Prior to the Chancellors national announcements today, and given the different rules around Covid in Wales, there are some specific economic measures that the Welsh has announced specifically related to their two week lockdown.

Expansion of Job Support Scheme (JSS)

We have been eagerly awaiting further details of the Job Support Scheme announced 24 September 2020 and as it was due to start 1 November it felt like it was getting a bit close to the wire.

The Self-Employment Income Support Scheme (SEISS) Grant Extension

The chancellor announced two new grants today, each available for three month periods covering November 2020 to January 2021 and February 2021 to April 2021.

Business Grants announced 22 October 2020

In addition to the extension to the Job Support Scheme for open businesses and the increased Self Employment Grants announced today, there were also some high level details of additional business grants announced.

SEISS Grant - Health Warning

This years Finance Act introduced a requirement for those who claimed amounts under the Self-Employment Income Support Scheme (SEISS) to which they were not entitled to notify HMRC and make a repayment. Failure to do so can result in HMRC recovery action, interest and penalties.

Job Support Scheme Expansion

A summary of what we know so far about the Job Support Scheme Expansion for Closed Business Premises.

October 2020 Covid Update

Our earlier blog outlined the details of the Job Support Scheme which were released on 24 September, and we await with interest and some trepidation the detail of how this scheme will operate. In the meantime, there are a few announcements of interest worth commenting on as we get ready to leave the Furlough scheme behind and move into considering the Job Retention Bonus and other reliefs.

Latest Statement from Chancellor

In our new reality, we no longer have an autumn budget to look forward to, but instead the Chancellors Winter Economy Plan announced earlier today.