Recent Posts by Dev10

More on extended furlough scheme

Most employers who are eligible will be aware that the furlough scheme (the Coronavirus Job Retention Scheme) has been extended for five months – from 1 November 2020 to 31 March 2021.

The general terms for the first quarter to 31 January 2021 are:

  • Maximum claim per employee is 80% of hours not worked.
  • Furlough claims will be capped at £2,500 per employee per month for hours not worked.
  • Employers will remain responsible for paying for any hours worked, albeit on a flexible basis, and for any pension and National Insurance costs.
  • Employers can top-up wages for hours not worked at their discretion.

This is a welcome extension for many businesses that were facing difficult choices as the previous furlough scheme...

Read more

Employers note increase in National Living Wage

The Chancellor, Rishi Sunak, confirmed a small increase in the National Living Wage rates from April 2021.

Employers will need to diarise these increases otherwise they may break their obligation to pay these rates and risk penalties.

The increase in the NLW will mean that low-paid workers’ incomes rise broadly in line with predicted wage growth; and modestly ahead of projected increases in prices, meaning low-paid workers’ living standards should be protected. Commissioners do not believe the increase presents a significant additional risk to employment prospects, beyond the already challenging outlook.

The Low Paid Commission’s (LPC) recommendations comprised:

 

Rate from April 2020

Rate from April 2021

Increase

National Living Wage

£8.72

£8.91

2.2%

21-22... Read more

Are you ready for 1 January 2021?

When we awake to the new year we will no longer be in transition; we will be out of the EU and will have to cope with a wide range of regulatory changes if we buy or sell goods or services to EU suppliers and customers.

The Department for Business, Energy & Industrial Strategy recently sent a “YOU NEED TO ACT NOW” plea to all UK businesses that may be affected by these changes.

Many of these reminders will have found their way to waste bins at a rapid rate of knots or be sitting in post boxes awaiting the return of staff all working from home or required to stay at home as their business is...

Read more

Furlough claims from 1 November 2020

If you are making claims under the extended furlough scheme from 1 November 2020 you need to be aware of changes in the claims process.

Perhaps the most significant is that claims need to be registered within 14 days of the relevant period end. In their revised guidance on this topic HMRC say:

You can claim before, during or after you process your payroll as long as your claim is submitted by the relevant claim deadline. You cannot submit your claim more than 14 days before your claim period end date.

When making your claim:

  • you do not have to wait until the end date of the claim period for a previous claim before making your next claim
  • you can...
Read more

Recent Comments by Dev10

    No comments by Dev10 yet.