Any business that has overclaimed a Coronavirus Job Retention Scheme (CJRS) grant must pay back the overpayment to HMRC. The rules outlined below for paying HMRC back an overclaim also apply to businesses that would like to make a voluntary repayment
The Income Tax treatment of coronavirus tests and the provision of Personal Protective Equipment (PPE) to employees during the coronavirus pandemic is covered under specific HMRC guidance. The guidance explains how employers should proceed where
To ease the financial burden on their employees, some employers may look at paying or refunding transport costs for their employees when they return to work. There are tax implications that should be examined. As a general rule, where an employer
New guidance has been published on claiming the Job Retention Bonus. The Job Retention Bonus provides for a £1,000 bonus payment to employers that bring back an employee that was furloughed under the Coronavirus Job Retention Scheme, and continuously
The tax and NIC advantages of certain benefits provided as part of a salary sacrifice arrangement were removed from 6 April 2017. The change effectively removed the Income Tax and employer NIC advantages of certain benefits provided as part of salary
The new £2 billion Kickstart scheme will enable employers to offer young people on Universal Credit - and at risk of long-term unemployment - state-subsidised work placements for six months. The Kickstart scheme is available to qualifying 16 - 24
The deadline for making a claim under the second round of the Self-Employment Income Support Scheme (SEISS) is 19 October 2020. The second grant covers the quarter to 31 August 2020. This grant will provide up to £6,570 for the quarter (£2,190 per
HMRC has published official statistics on the number of companies claiming tax relief under the UK Patent Box. The Patent Box allows qualifying companies to apply a lower 10% Corporation Tax rate on profits arising from patent exploitation. The
The government has launched a nationwide marketing campaign to ensure businesses are ready for the introduction of the UK’s new points-based immigration system from 1 January 2021. The campaign will run throughout the autumn, using a wide range of
As the EU withdrawal transition period draws to an end (completes 31 December 2020) UK businesses face yet more adjustments in addition to those presented by COVID disruption. Businesses that trade with the EU should by now have matters in hand to
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