
The new Job Support from the government named Job Support Scheme is starting from 1st November 2020 as part of the government drive to help protect jobs where businesses are facing lower demand over the winter months due to coronavirus.
https://www.gov.uk/government/publications/j-support-scheme
This scheme has been designed to support viable jobs and employees must work at least one-third of their hours, paid as normal, in order to qualify for the scheme.
The government and employer will then each cover one-third of any remaining hours the employee is not working. Employees will therefore forego one-third of their pay for the hours that they have not been working. The maximum amount of the government contribution to the scheme will be capped at £697.92 per employee per month.
To be eligible, employees must meet the following conditions:
Miss a tax deadline today and HMRC charges 7.75% a year on the outstanding balance. The Bank of England’s base...
The government’s announcement, made in July by new Prime Minister Andy Burnham as one of his first acts in office,...
For UK taxpayers asking “What happens to my Personal Allowance if I earn over £100,000?”, the answer depends on HMRC’s...
For UK employees, pensioners and employers asking, “What should I put for personal allowances?”, the answer depends on the person’s...
We are increasingly hearing from sole traders and landlords who know that Making Tax Digital started in April but remain...
A landlord can report rental income for several years and still discover that the figures do not match the rent...
We are increasingly approached by people who have traded between tokens for several years but never withdrawn money to a...
In many cases, your pension may not be taxed in the same way as the rest of your estate, but...
Property owners often ask whether they can legally pay zero property tax, particularly after seeing claims about tax-free property companies,...
We are increasingly asked whether the EIS and VCT new limits give growing companies more scope to raise tax-advantaged investments....