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The Chancellor, Rishi Sunak, announced a new job scheme starting 1 November 2020 to replace the current Job retention ("furlough") scheme which ends 31 October 2020.
The Chancellor, Rishi Sunak, announced a new job scheme starting 1 November 2020 to replace the current Job retention (“furlough”) scheme which ends 31 October 2020.
All small and medium-sized businesses are eligible, larger businesses must show their turnover has fallen during the pandemic. Employers can use the new scheme even if they have not previously used the furlough scheme.
The new Government scheme will last for six months to 30 April 2021 and to be eligible employees will need to be working a minimum of 33% of their hours. For the remaining hours not worked, the Government and employer will pay one third of wages each.
By way of an example an employee working 33% of their hours will receive at least 77% of their pay, 22% paid by the Government and 55% paid by their employer (the “worked” 33% plus 22%).
28 Oct 2021
The Chancellor Rishi Sunak presented his third Budget on 27 October 2021.
06 Oct 2021
The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax Self Assessment (MTD for ITSA) for a year.
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