IR35 changes less than six months away
The overhaul to the IR35 rules, postponed because of Covid-19, is now less than six months away. For most off-payroll workers, it adds up to a big change to procedure from 6 April 2021. In this article, Nottingham chartered accountants Clayton & Brewill explains why the change is all about tax and employment status, and… View Article
CJRS extended until March
In his briefing on 31st October, the Prime Minister announced additional financial support measures for businesses across the UK as part of the government’s plan to keep the economy moving through the new national lockdown. This includes extending the Coronavirus Job Retention Scheme (CJRS), with the Chancellor later confirming that the scheme will continue running… View Article
Winter Economy Plan: what is the Job Support Scheme and who is eligible?
In place of the cancelled Autumn Budget, Rishi Sunak unveiled his Winter Economy Plan on Thursday, where he confirmed the end of the furlough scheme and announced the introduction of the Job Support Scheme. In this article, Nottingham chartered accountants Clayton & Brewill provides an outline of the Job Support Scheme, and highlights other key… View Article
Furlough scheme June to October – the key changes
Another weekend, another set of changes to the government’s Coronavirus Job Retention Scheme to digest! Clayton & Brewill explains how the furlough scheme will change over the next few months and what employers need to know. The government introduced the Coronavirus Job Retention Scheme (CJRS) in March and it has provided a real financial lifeline… View Article
Self-employed support measures: SEISS grant eligibility and how to apply
Self-employed individuals whose business has been adversely affected by coronavirus can now apply for a Self-Employment Income Support Scheme (SEISS) – a taxable grant worth 80% of your average monthly trading profits. Here, Nottingham chartered accountants Clayton & Brewill takes a closer look at who is eligible for the scheme, what support it provides, and how to make a claim…. View Article
CJRS claims deadline for May is imminent
It’s been nearly a month since the portal for making Coronavirus Job Retention Scheme (CJRS) claims for furloughed employees went live, and many businesses will no doubt be seeking to make another claim in order to receive a payment by the end of May. When you make a claim through the Coronavirus Job Retention Scheme,… View Article
Furloughed employees: fast and effective Coronavirus Job Retention Scheme claims
The portal for making CJRS claims for furloughed employees went live on Monday 20 April, and the Clayton & Brewill team has already helped more than 100 businesses to calculate and submit their claims. HMRC is committed to making payments within six working days of the claim being filed, so time is of the essence… View Article
The Coronavirus Job Retention Scheme: a guide to furlough leave
Designed to support businesses whose operations have been severely affected by COVID-19, the Coronavirus Job Retention Scheme allows employers to claim for 80% of furloughed employees’ usual monthly wage costs. In this article, Nottingham chartered accountants Clayton & Brewill provides a guide to furlough leave, including recent updates regarding furlough leave for directors and for… View Article
VAT, self assessment and the Coronavirus Job Retention Scheme
In addition to the briefing we shared last week, we wanted to provide you with an update on further measures that have been announced by the government to support businesses during the coronavirus pandemic. The latest measures include deferring VAT and self assessment payments for six months and the Coronavirus Job Retention Scheme. VAT The deferral… View Article
Off-payroll changes: what to expect
From 6 April 2020, there will likely be a major shake-up to the off-payroll (IR35) rules. With draft legislation already published, and changes to the Check Employment Status Tool (CEST) and adaptations to HMRC guidance still likely, Nottingham chartered accountants Clayton & Brewill takes a look at some of the expected changes to the off-payroll… View Article