New guidance was released from the Government overnight regarding the Job Retention Scheme and Furlough workers. The additional details, clarified below, will need to be considered when planning for the months ahead. Employers can claim for 80% of furloughed...
Self-Employment Income Support SchemeLast night, the Chancellor announced that self-employed people will be able to claim a taxable grant worth 80% of their trading profits up to a maximum of £2,500 per month for the next 3 months.We hope the following...
What is the coronavirus job retention scheme and who can participate?The scheme will enable businesses to recover 80% of wage costs for employees on ‘furlough leave’ – which is an entirely new concept and is a new class of indefinite leave where the...
Some welcome news for the Self-EmployedThe chancellor, Rishi Sunak, is expected to announce that the taxpayer will pay self-employed workers up to 80% of their recent earnings to help contain the economic impact of coronavirus.This has come as a result of the growing...
Commercial InsuranceMost commercial insurance policies are unlikely to cover pandemics or unspecified notifiable diseases, such as COVID-19.However, those businesses which have an insurance policy that covers government ordered closure and pandemics or government...
On Friday the government announced measures to try and safeguard UK jobs. We have been inundated with questions and are doing our best to provide the best advice to you, but sadly we do not know the answers to everything yet.We are waiting for the full details of the...
