Please see below for relevant information to assist members with the current viral outbreak.
The Chancellor of the Exchequer, Rishi Sunak, presented his ‘Plan for Jobs’ to Parliament on Wednesday 8 July 2020, to outline how the government will boost job creation in the UK.
At the time of writing, over 25% of the UK workforce is being supported by the Government’s Coronavirus Job Retention Scheme (the furlough scheme) at a cost of around £20 billion. In addition to this, some 2.6 million people are enrolled on the Self-Employment Income Support Scheme (the SEISS) at an additional cost of £7.5 billion.
On Wednesday 26th June 2020, BWA hosted its first EU Exit webinar.
The government has developed a tool to assist employees with their return to work.
Prime Minister Boris Johnson has made a speech on the economy, announcing a “New Deal” which puts jobs and infrastructure at the centre of the government’s economic growth strategy.
A number of updates have been added to the this guidance, that was originally published in March 2020.
The Corporate Insolvency and Governance Bill will reform the insolvency and corporate governance framework in light of the COVID emergency.
From Saturday 4 July 2020, all businesses and venues in England can reopen, except for a small number of ‘Close proximity’ venues such as nightclubs, soft-play areas, indoor gyms, swimming pools, water parks, bowling alleys and spas, which will need to remain closed for now.
From 1 July 2020, the Coronavirus Job Retention Scheme is changing.
The UK Government has developed a tool to help businesses in England to reopen safely during coronavirus.
A collection of data, from HMRC, about the Coronavirus Job Retention Scheme, the Self-Employment Income Support Scheme, and the VAT payments deferral scheme.
Decide the length of your claim period, find out what to include when calculating wages and work out your employees’ usual and furloughed hours before you calculate how much you can claim.
Find out about taxable expenses and benefits when they are paid to employees because of coronavirus and how to report them to HMRC.
Border controls for EU goods imported into Great Britain will be introduced at the end of Transition Period in stages to give businesses affected by coronavirus more time to prepare.
The final date by which an employer can furlough an employee for the first time will be 10th June 2020.
Here you will be able to find out about taxable expenses and benefits when they are paid to employees because of coronavirus and how to report them to HMRC.
The Government are welcoming views on draft legislation to introduce rules on the taxation of coronavirus (COVID-19) business support grants.
This consultation closes at
11:45pm on 12 June 2020.
Businesses can now apply for the Large Business Interruption Loan Scheme.