Changes to the Coronavirus Job Retention Scheme from July The UK Government will continue to pay 80% of your furloughed employees’ usual wages for the hours not worked, up to a cap of £2,500 per month until the end of June. In July, CJRS grants will cover 70% of employees’ usual wages for the hours…

On the 03th March the Chancellor presented his Budget 2021. On some counts this Budget was Rishi Sunak’s 15th major announcement since his first Budget, just under a year ago. During this period, the pandemic has dominated the Chancellor’s actions and this was true of his latest Budget. To no small degree the framework for…

The Additional Restrictions Grant (ARG) supports businesses that are not covered by other grant schemes or where additional funding is needed. The Additional Restrictions Grant (ARG) provides local councils with grant funding to support closed businesses that do not directly pay business rates as well as businesses that do not have to close but which…

The applications are now open for the third SEISS grant to support self-employed people affected by coronavirus (COVID-19). The third grant will be based on 80% of three months’ average trading profits, paid out in a single taxable instalment capped at £7,500, and will cover the period from 1 November to 29 January 2021. Self-employed…

Further to the Chancellor’s announcement of further financial support yesterday. Below are the main points: – • CJRS extended to March 2021 • Job Retention Bonus (£1,000 per employee) – originally to be paid in February 2021 – now delayed until an “appropriate time” • Claims for November CJRS will be able to be made…

After the Prime Minister’s speech on 31 October announcing that England will enter a second lockdown from Thursday 1st November, the Government have decided to extend the Coronavirus Job Retention Scheme (CJRS). Please see the main points below. • From 1st November 2020 the scheme will provide for 80% wages for unworked hours • Employees…

After the Chancellor Rishi Sunak’s update yesterday, please see the key points below relating to the new job support scheme for businesses that are open and for businesses that have to close at this time. There is also information relating to the self-employed scheme.   New Employment Support Scheme (JSS open) • To qualify, some…

The Chancellor has today, 24th September, announced in Parliament the Government’s covid-19 NEW support measures for businesses and their employees. The main points are :- New Job Support Scheme – when the current Job Retention/Furlough Scheme ends on 31st October 2020, from 1st November 2020 the new Job Support Scheme will come into effect for…

Please see the UK Chancellor Summer Statement – 8th July 2020 with the key announcements that was made by the Chancellor Rishi Sunak. Mr Sunak emphasised that we are only part way through the pandemic crisis and he will be coming back with further proposals later in the year – most notably in the planned…

DSM Chartered Accountants business news update 2nd June 2020 – Self-Employed Income Support Scheme Grant   On 29th May the Chancellor announced a ‘second and final grant’ for the ‘Self-Employed Income Support Scheme’, which is for the 3 months ended 31st August 2020. https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme   https://www.gov.uk/government/news/chancellor-extends-self-employment-support-scheme-and-confirms-furlough-next-steps   The main headlines are :-   The ‘first…

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