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Practice News

Update to Job Rentention scheme June 2020

While the Government is currently paying 80% of workers’ salaries up to £2500 a month for some 8.4 million workers under its furlough scheme, it has made clear that it cannot continue to provide this unprecedented level of support for an indefinite period. Now the Chancellor has announced that, although the Coronavirus Job Retention Scheme…Read More

UPDATE FOR FURLOUGHING WORKERS AND SOLE TRADER DIRECTORS All newsletters are now available on the AS Taxation website:   www.astaxation.co.uk The government posted an update on Tuesday to the furloughed workers rules and also confirmed the position of “sole trade” directors who run their business through a limited company. There is work to do to claim the government…Read More

FURLOUGH LETTER TEMPLATE FOR EMPLOYERS

[Addressee] [Address line 1] [Address line 2] [Town] [County] [POSTCODE] [Date] Dear [Enter name] I write further to our discussion on [Enter name] in respect of the current coronavirus outbreak, and the challenges we face as a consequence in continuing to provide you with work for the foreseeable future. During our discussion, I set out…Read More

Employers and Employees and COVID-19

EMPLOYERS AND EMPLOYEES As you will all be aware the government has announced a series of measures to assist businesses and this has been covered in earlier notes.  One of the measures is to assist businesses in paying staff who are furloughed, that is staff at home unable to work.  The idea is to subsidise…Read More

Self Employed and COVID-19

THE RECENT ANNOUNCEMENT On the evening of Thursday 26 March the government announced a package of measures aimed as assisting the self employed with the current crises. The Coronavirus Self-employment Income Support Scheme allows individuals to claim a taxable grant worth 80% of their trading profits up to a maximum of £2,500 per month for…Read More

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