Many businesses have welcomed the news that the Government will introduce a new scheme to support them with their employment costs once the Coronavirus Job Retention Scheme ends. The new Job Support Scheme will launch on 1 November 2020 and is designed to support viable jobs by subsidising the wage costs for staff working reduced […]
Surrey-based accountancy firm TWP has said that the Chancellor’s Winter Economy Plan announced in Parliament will play an important role in supporting businesses during these difficult times – but may still leave some workers without support. Earlier this week the Prime Minister, Boris Johnson, announced new restrictions to stem the tide of a second wave […]
The Chancellor, Rishi Sunak, has announced a new job protection scheme and a range of new business support measures. Announcing his Winter Economy Plan at a hastily arranged statement in the House of Commons, Mr Sunak said: “Our task now is to move to the next stage of our economic plan, nurturing the recovery by […]
With many businesses keen to access funding to support them during the current crisis, Surrey-based accountants TWP is calling on companies to take advantage of the Annual Investment Allowance (AIA). The AIA for capital allowances was increased to £1,000,000 per annum for expenditure from 1 January 2019. However, from 1 January 2021, this generous allowance […]
To ensure workplaces that remain open prevent the spread of Coronavirus, the Government will introduce a direct legal obligation for businesses in England that requires them to follow the latest guidance to the letter. During his speech to Parliament on the new measures, the Prime Minister, Boris Johnson, said that businesses could face fines and […]
In recent weeks, many businesses within the hospitality sector have been enjoying a relaxation of COVID-19 restrictions. However, from 24 September 2020 pubs, bars and restaurants will have to close at 10pm, as part of the Government’s attempts to limit a second wave of Coronavirus infection. The same measures apply to takeaways, however, deliveries will […]
Plans for the phased reopening of stadiums, business events and conferences on 1 October will now no longer go ahead. The Government’s ‘rule of six’ will also be extended to indoor team events and the number of people able to attend a wedding will be limited to 15. However, up to 30 people can still […]
Speaking in the House of Commons, the Health Secretary, Matt Hancock, has announced a legal duty to self-isolate for people who have tested positive for COVID-19 or are asked to do so by NHS Test and Trace. People who fail to comply with this requirement will risk fines of up to £10,000 in cases of […]
The Prime Minister has reinstated the advice for people to work from home if they can, following an increase in the incidence of Coronavirus in recent weeks. The advice, which was first issued in March 2020, was withdrawn at the beginning of August, with people encouraged to return to city centre offices as part of […]
HM Revenue & Customs (HMRC) has been writing to thousands of employers, asking them to review the Coronavirus Job Retention Scheme (CJRS) claims they have already made for errors – often without specifying what is wrong with the claim or indicating which claim is incorrect. The tax authority estimates that as many as 10 per […]
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