The latest update on Furlough leave

1. HMRC told a Parliamentary Select Committee that the online portal will open on 20 April, with the first reimbursements made on 30 April. 2. The eligibility date has been extended from 28 February 2020 to 19 March 2020– the day before the scheme was announced. This allows employers to claim for furloughed employees that […]

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Keep your eyes on the road!

We are all on a journey right now navigating through the challenges posed by the Covid-19 pandemic. The health of everyone is paramount and those providing front line health services are to be applauded. Supporting the NHS in the provision of supplies are countless companies manufacturing the equipment, plus an incredible network of logistics businesses […]

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Update on furlough leave and annual leave including bank holidays

We have now received further guidance on this which makes it clear that it is possible for an employee to take annual leave, including bank holiday during furlough leave. ACAS have accordingly updated their guidance in relation to the position regarding annual leave and bank holidays during furlough leave. Can an employee be on annual […]

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COVID-19: The self-employed income support scheme

In response to the pandemic outbreak of COVID-19, the government has introduced a self-employed income support scheme to assist those who are self-employed or a member of a partnership and have lost income due to coronavirus. What will the scheme provide? This scheme will allow those who are self-employed to claim a taxable grant worth […]

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Important Tax Rule Changes for Companies & Their Contractors

The self employed and independent contractors have traditionally been able to decide whether to operate through a personal service company, under which they receive dividends and an income from the company, with the latter paying corporation tax on its income minus allowable costs including any salary paid out. The purpose and objective of this so-called […]

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