As you are aware HM Treasury/ Government have put in place financial support for employees and Self Employed. Director shareholders are not being treated as fairly as Self Employed in so much any payments made as dividends are being excluded from the calculation if the director is furloughed. Also, unlike the self-employed the director cannot
During the World War 2 Blitz in Britain 32,000 civilians were killed, the blitz lasted 8 months 5 days. In the UK since 28 February Covid-19 has killed 18,738 up to 23 April (56 days). One US institute has forecast the total deaths in the UK could be in the region of 37,494. PH England are
If you are earning most of your income from Self-employment then you could be entitled to a taxable grant, HMRC will be contacting you direct to verify your elegibility to make a claim. This is unlikely to be until middle to end of June.
We are aware that the local councils have started to contact those that are likley to be entitled to a grant, if you have not heard from them by end of next week we would suggest you make contact with them, you will need your account refernce from your last Rates demand.
Some of you may have spotted that recent change to the rules over carrying forward annual leave, it is still unclear if this relates to those employees “Furloughed” more information can be found here https://www.gov.uk/government/news/rules-on-carrying-over-annual-leave-to-be-relaxed-to-support-key-industries-during-covid-19
Latest information available How monthly earnings are calculated If they’ve been employed (or engaged by an employment business in the case of agency workers) for a full year, employers will claim for the higher of either: The amount you earned in the same month last year An average of your monthly earnings from the last
I just signed the petition “UK Parliament: Small Ltd Company Directors to get Government support like the Employed and Self Employed” and wanted to see if you could help by adding your name. Our goal is to reach 150,000 signatures and we need more support. You can read more and sign the petition here: http://chng.it/zLPpnc64ZM
The Chancellor announced a VAT payments deferral on 20 March to support businesses with cash flow during the COVID-19 pandemic.This means that all businesses with a UK VAT registration have the option to defer VAT payments due between 20 March and 30 June.You therefore have until 31 March 2021 to pay any VAT deferred as
‘Given that the majority of these workers pay themselves a monthly salary of around £719, it’s clear that PSC workers have simply been left behind and are now facing the harsh reality of just £575 a month in financial support from the government.’ Part of the reason for this is believed to be the difficulty
As we all experience a new day in our ever changing business and personal way of life. We must all take time out to reflect, not only our own life and the lifes of our nearest and dearest, but those people around us who have no-one. We know of the impact the virus will have