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Further information on the Job Retention Bonus

Following on from the Chancellor’s “Plan for Jobs”, the government has now published a policy paper containing further information about its new Job Retention Bonus (JRB). What should you do now if you intend to claim the JRB and what is the key issue not to overlook? The JRB is a one-off flat rate payment of £1,000 for every eligible employee that is claimed for, so if you have 50 eligible employees, you can claim £50,000. You will be able to claim the JRB for any furloughed employees that were eligible for the Coronavirus Job Retention Scheme (CJRS) and that you claimed a CJRS grant for. You should ensure that you have complied with your obligations to pay and file PAYE accurately and on t

Payment in lieu of minimum holiday?

Under new rules, employees can carry certain holiday forward for up to two years if they’ve not been able to take it due to coronavirus. To prevent this, could you pay them in lieu for that holiday instead? Temporary rule One of the practical consequences of the coronavirus pandemic is that many workers have or will be prevented from taking some or all of their holiday entitlement. Because of this, the government introduced the Working Time (Coronavirus) (Amendment) Regulations 2020. These Regulations permit the carry over of certain untaken holiday for up to two years where it wasn’t reasonably practicable for the worker to take it in their current leave year due to coronavirus. Only certai

VAT Payment Holiday is over

Normal service has now resumed! The VAT payment deferral period ended on 30 June 2020. This means you must pay any VAT due after that date on time or HMRC may apply surcharges. For example, if your VAT quarter ended on 31 May, and you pay your VAT by direct debit, you should have paid HMRC by 7 July. Remember that any VAT payments that have been deferred between 20 March and 30 June should be paid in full by 31 March 2021. If you are unable to pay your VAT on time, contact HMRC and ask for a time to pay arrangement. VAT payments due after 30 June must be paid on time or HMRC may apply surcharges. VAT which has been deferred must be paid by 31 March 2021. If you need more time for any VAT pay

Furloughed employees to receive full statutory redundancy and notice payments

New regulations have been brought into force to ensure that furloughed employees receive both statutory redundancy pay (SRP) and statutory notice pay (SNP) based on their normal pay, rather than on their reduced furlough pay. What’s the issue here? On redundancy, an employee is entitled to receive the greater of their contractual notice period or statutory minimum notice. Under the Employment Rights Act 1996 (ERA), statutory minimum notice here is one week for each complete year of employment, up to a maximum of twelve weeks. If the employee has been employed for two continuous years or more, they’re also entitled to receive an SRP, calculated according to their age, length of service and th

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