Job Retention Scheme Archives

March 15, 2021

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Finance Bill 2021: Details Published

The government has published the details of the Finance Bill 2021 on 11 March 2021. The Bill highlights the important law measures(announced in the recent 2021 Budget) set to come into legislation. Chancellor Rishi Sunak announced the following measures in his budget speech: an extension of the stamp duty holiday in England a super-deduction capital...

by Admin

December 9, 2020

Blog HMRC News Loan Schemes Payroll

Furlough claims under CJRS updates

HMRC has reminded employers that they must submit furlough claims November 2020 under CJRS by 14 December 2020. Mr Chancellor has extended the CJRS until the end of March 2021. The government will review the scheme in January 2021. Although payroll dates may differ for the Christmas period. The claims can continue to be submitted...

by Admin

October 6, 2020

Blog Loan Schemes

Furlough Job Retention Bonus Updates

HMRC has published guidance on how businesses can claim the government’s £1,000 job retention bonus. The bonus will be available to employers who keep furloughed workers on the payroll for the next three months. The bonus is a £1,000 one-off taxable payment to the employer, for each eligible employee that was furloughed and kept continuously...

by Admin

September 21, 2020

Blog Coronavirus News

Job Retention Scheme (CJRS): MPs urged Chancellor for extension

The Coronavirus Job Retention Scheme (CJRS) has played an immense role in protecting jobs since the start of the pandemic. Therefore, MPs have pushed Chancellor Rishi Sunak to extend the Coronavirus Job Retention Scheme (CJRS) to help avoid mass redundancies. The CJRS is set to be wound down in October and changes were implemented to...

by Admin

September 9, 2020

Blog Payroll Tax Investigation

Furlough Scheme Claims: HMRC found fraud and errors

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...

by Admin

August 22, 2020

Blog Coronavirus News Payroll

HMRC to start off compliance activity on CJRS grants

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...

by Admin

August 9, 2020

Blog Coronavirus News Loan Schemes Payroll

Overclaimed grants and penalties: CJRS Covid-19 update

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...

by Admin

July 22, 2020

Blog Payroll

Coronavirus Job Retention Scheme: Claims deadline approaching

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...

by Admin

June 1, 2020

Blog Coronavirus News Payroll

Changes to Job Retention Scheme: Chancellor’s announcement

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...

Job Retention Scheme

Finance Bill 2021: Details Published

Furlough claims under CJRS updates

Furlough Job Retention Bonus Updates

Job Retention Scheme (CJRS): MPs urged Chancellor for extension

Furlough Scheme Claims: HMRC found fraud and errors

HMRC to start off compliance activity on CJRS grants

Overclaimed grants and penalties: CJRS Covid-19 update

Coronavirus Job Retention Scheme: Claims deadline approaching

Changes to Job Retention Scheme: Chancellor’s announcement

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