Category Archives: Payroll

Changes to Job Retention Scheme: Chancellor’s announcement

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Chancellor Rishi Sunak has announced changes to the government’s Job Retention Scheme (JRS). The changes to the scheme will gradually wind down over the next few months. The changes mean businesses will be able to bring furloughed employees back on a part-time basis from 1 July.   Furloughed staff will continue to get 80% of […]

Coronavirus Statutory Sick Pay Rebate Scheme is ready to launch

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The government is ready to launch an online service (portal) for employers to claim under the Coronavirus Statutory Sick Pay Rebate Scheme. Under the scheme, employers can claim the payments they have made to their employees during the coronavirus (COVID-19) pandemic. The portal for claiming under the SSP rebate scheme will open on 26 May. […]

Statutory Sick Pay Rebate Scheme

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The Coronavirus Statutory Sick Pay Rebate Scheme will repay employers the current rate of SSP that they pay to current or former employees for periods of sickness starting on or after 13 March 2020. The employer who pays more than the current rate of SSP can only claim the current rate amount. The repayment will […]

Coronavirus Support Package for Self-Employed

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Struggling self-employed people will have to wait for the Government to come up with a “deliverable and fair” coronavirus support package, Chancellor Rishi Sunak has said. Boris Johnson’s Government has come under sustained pressure to provide financial help for self-employed workers, who face a dramatic loss of income if forced to take time off for […]

Self-Employment Income Support Scheme: Claim a grant

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You can claim a grant through the coronavirus (COVID-19) Self-employment Income Support Scheme. Use this scheme if you’re self-employed or a member of a partnership and have lost income due to coronavirus. This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per […]

Employment Allowance Changes

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  Employment Allowance was introduced in 2014 in order to reduce the NIC’s liability for small to medium businesses by £3,000. The eligibility rules for an employer claiming the EA will change from April 2020. This measure increases the maximum EA by £1,000 to £4,000 from April 2020. This means eligible businesses and charities will […]

IR35 changes delayed due to COVID-19

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The government has announced a one year delay to controversial changes to IR35 due to the coronavirus pandemic. This gives businesses a further year to make the necessary changes. HMRC’s Announcement about IR35 changes: Changes to the off-payroll working regime will not take effect until April 2021 due to the coronavirus pandemic, HMRC confirms. In […]

The New Chancellor guarantees a ‘soft approach’ in pushing IR35 tax reforms

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The UK’s new Chancellor, Rishi Sunak, guarantees that HMRC will not be “heavy-handed” in pushing its IR35 tax reforms. According to HMRC  “Customers will not have to pay penalties for errors relating to off-payroll in the first year, except in cases of deliberate non-compliance”. Sunak has offered reassurance to contractors that HMRC will ensure a […]

IR35 Reforms: HMRC’s Announcement

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IR35 self-employed tax reforms may damage the U.K’s economy   HM Revenue and Customs announced a slight delay to IR35 off-payroll working rule reforms. What is IR35? IR35 refers to the United Kingdom’s anti-avoidance tax legislation designed to tax disguised employment at a rate similar to employment. IR35 self-employed tax changes will come into effect […]