Category Archives: Payroll

Job Support Scheme (JSS) extension

Job Support Scheme (JSS) extension poster

The government will expand its Job Support Scheme (JSS) to protect jobs and support businesses closed due to local lockdowns. The business had to close their doors due to local lockdowns as the number of Coronavirus (COVID-19) cases continues to rise in some areas. So, under the JSS extension, the government will pay two-thirds of […]

Furlough Scheme Claims: HMRC found fraud and errors

Furlough Scheme Claims HMRC found fraud and errors magnifying glass

HMRC has revealed that they may have paid almost £3.5 billion in furlough scheme money on fraudulent or wrong claims. That means CJRS payments have been claimed fraudulently or paid out in error. The tax authority told MPs on the Public Accounts Committee it estimates that they have awarded 5-10% of furlough cash mistakenly. Latest […]

HMRC to start off compliance activity on CJRS grants

HMRC to start off compliance activity on CJRS grantspenalty, 3D rendering

HMRC has started off its compliance activity on Coronavirus Job Retention Scheme (CJRS) grants. They are writing letters to 3,000 employers who may need to repay some or all of their claim. HMRC has been already evaluating Coronavirus Job Retention Scheme (CJRS) applications critically. Therefore, they are now starting the next phase of its compliance […]

Overclaimed grants and penalties: CJRS Covid-19 update

overclaimed-grants-and-penalties-covid19-trolly

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned taxpayers that they have 90 days to notify HMRC of overclaimed coronavirus (COVID-19) grants. The 90-day period to inform HMRC of any overclaimed amounts is now law. Finance Act 2020 recently received Royal Assent, which confirms the taxability of the Coronavirus Job Retention […]

Coronavirus Job Retention Scheme: Claims deadline approaching

CJRS-furlough-calculator-pay-slips

HMRC has reminded employers that Coronavirus Job Retention Scheme (CJRS) claims for periods ending on or before 30 June 2020 must be made by 31 July 2020. Employers and agents must submit all CJRS claims for periods ending on or before 30 June 2020 by 31 July 2020. After this date, it will not be […]

UK chancellor announced new measures -a plan for jobs

chancellor-announced-new-measures-Rishi-Sunak

UK chancellor Rishi Sunak has announced new measures “plan for jobs” including bonuses for employers, VAT and stamp duty cuts, home improvement vouchers and eating-out discounts. The finance minister made his summer statement or ‘mini-budget’ in parliament on Wednesday. Today the Chancellor announced the introduction of the Job Retention Bonus. This is a one-off payment […]

Director’s Remuneration

directors-remuneration-Board-of-Directors

There are tough times where tough choices are being made by the businesses. Many directors have been deferring or waiving some or all of their remuneration. Few things to consider: You have to irretrievably give up your rights to the remuneration prior to the payment date. Employers must remember that the payment of a salary, […]

Changes to Job Retention Scheme: Chancellor’s announcement

chancellor-announces-changes-to-job-retention-scheme

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

coronavirus-satutory-sick-pay-rebate-scheme-ready

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

coronavirus-statutory-sick-pay-rebate-scheme

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 […]