Author: Philip

Furlough and SEISS grant changes re November lockdown

As a result of the latest lockdown, announced on 31 October, 2020, two important changes have been made to the above schemes. Firstly, furlough (or Coronavirus Job Retention Scheme, CJRS) was planned to end on 31 October, to be replaced

National Audit Office Estimates 2.9 million self employed not eligible for Govt’s Covid support schemes

A National Audit Office report issued 23 October 2020 has estimated that up to 2.9 million self employed people havn’t been eligible for the Government’s Covid support schemes. (Para 14). 1.6 million self employed were excluded from the SEISS scheme

Job Support Scheme Announced

*Written before the latest changes/announcements were made in week ended 23/10/20. Will be updated shortly when full details of the new schemes are published – now out of date due to second lockdown in December for which the previous furlough

Furlough support reducing to 70% from 1 September.

Although the amount of furlough to be paid by employers to their furloughed staff remains at 80%, the amount employers can reclaim from the Government reduces to 70% from 1 September 2020, so employers have to fund the 10% difference

Emergency Covid Funds Worth £1.5bn unclaimed

Small businesses and self employed are being urged by The Federation of Small Businesses (FSB) to claim emergency funds which are currently sat in local authority bank accounts and will be otherwise repaid to Government at the end of the

Self Employed Income Support Scheme (SEISS) Second Payment

Eligible self-employed people will be able to claim a second and final SEISS grant in August; this will be a taxable grant worth 70% of their average monthly trading profits for three months, paid out in a single instalment and

Deadline looming to start furlough

10 June is the final day an employer can furlough an employee for the first time. The Coronavirus Job Retention Scheme closes to new entrants on 30 June. After this date, only employees who have been furloughed for at least

Self Employed Income Support Scheme (SEISS) Upate

The Chancellor, Rishi Sunak, has just announced changes to the Self Employed Income Support Scheme for those whose trade continues to be adversely affected by Covid-19. Eligible self-employed people will be able to claim a second and final SEISS grant

Furlough Scheme Changes

The Chancellor, Rishi Sunak, has just announced changes to the Covid Furlough Scheme. From 1/7/20, employees who were previously furloughed can return to work on a part time basis. This is a very welcome change for small business directors who

Re-starting your business

Now that we’re slowly coming out of lockdown, it’s time to start to plan re-starting your closed business. Whilst many small businesses could legally have stayed open throughout the lock-down, many closed, either because of social distancing (staff and/or customers),

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