Coronavirus Job Retention Scheme (CJRS)

The CJRS has been extended to 31‌‌‌ ‌March 2021 for all parts of the UK and HMRC has updated its guidance.

From 1‌‌‌ ‌November the Government will pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month. The government will review the terms of the scheme in January.

If you have made a claim remember to submit any claims for periods up to 31‌‌‌ ‌October on or before 30‌‌‌ ‌November – they will not be accepted after this date.

Submit any CJRS claims for November, no later than 14‌‌‌ ‌‌December. You can claim before, during or after you process your payroll as long as your claim is submitted by the deadline. Find out more details here.

Remember to keep any records that support the amount of CJRS grant you claim, in case HMRC needs to check them. You can view, print or download copies of your previously submitted claims by logging onto your CJRS service on GOV‌.UK.

Please talk to us about making a claim, we have helped many clients through these troubled times, and we want you to know we are here to support you!

SELF-EMPLOYMENT INCOME SUPPORT SCHEME (SEISS)

HMRC has issued guidance on the third SEISS grant and specifically how trading conditions affect eligibility.

To be able to claim for the third grant, you must either:

• be currently trading but are impacted by reduced demand due to coronavirus
• have been trading but are temporarily unable to do so due to coronavirus

You must also: –

• intend to continue to trade
• reasonably believe there will be a significant reduction in your trading profits due to reduced demand or your inability to trade

You must also meet all other eligibility criteria to make a claim.

HMRC states that it expects SEISS claimants to make an honest assessment about whether they reasonably believe their businesses will have a significant reduction in profits.

Please talk to us about making a SEISS claim, we can work through your figures and make an accurate estimate of what you should expect.

See:  https://www.gov.uk/guidance/how-your-trading-conditions-affect-your-eligibility-for-the-self-employment-income-support-scheme

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