New Furlough Scheme guidance published

The detailed Furlough Scheme rules were updated 10 November 2020.

To use the extended scheme – to 31 March 2021 – the steps that are required are:

  1. Check if you can claim
  2. Check which employees you can put on furlough
  3. Steps to take before calculating your claim
  4. Calculate how much you should claim
  5. Claim for your employees’ wages online
  6. Report a payment in PAYE real time information (RTI)

Full details of these steps are set out at https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme

Source: HM Revenue & Customs Wed, 11 Nov 2020 00:00:00 +0100

Latest articles

Notifying cessation of self-employment

Any taxpayers that have ceased to be self-employed must notify HMRC of their change in status. There are a number of steps that must be followed if a taxpayer ceases trading as a sole trader or if they are ending or leaving a business

Submitting CIS nil monthly returns

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry. Businesses in the construction industry are known as ‘contractors’ and ‘subcontractors’ and should be

Check employment status for tax

The Check Employment Status for Tax (CEST) tool can be used to help ascertain if a worker should be classified as employed or self-employed for tax purposes in both the private and public sector.

The service provides HMRC’s view if IR35 legislation

Class 1A payment deadline

Class 1A NICs are paid by employers in respect of most benefits in kind provided to employees such as a company car. There is no employee contribution payable. If you provided taxable benefits to staff or directors your business is likely to have a