FURLOUGH – WHAT YOU NEED TO DO TO CLAIM THE WAGES GRANT
The government has confirmed further details on the Coronavirus Job Retention Scheme. Below is a summary of the key details,: You need to get agreement from your employees to designate them as furloughed workers and reduce their pay to 80%, capped at £2,500 per month You can designate employees as a furloughed worker if they […]
Deferral of VAT payments
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 […]