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Below is a snippet of text provided by HMRC. Please speak to us before making a claim, as the eligibility has changed considerably from the first two grants.
Further reading and source: https://www.gov.uk/government/news/furlough-scheme-extended-and-further-economic-support-announced
Businesses required to close:
Restaurants, bars and pubs will be required to close but can continue to offer takeaway services. In addition, the following businesses will be required to close:
- all non-essential retail (clothing, electronics, betting, tobacco and vape shops, betting shops, tailors, car washes, vehicle showrooms and travel agents)
- indoor and outdoor leisure facilities (gyms, swimming pools, gold courses, dance studios, shooting ranges and stables/riding centres)
- entertainment venues (theatres, cinemas, bingo halls, casinos, zoos and animal attractions)
- personal care facilities (hair, beauty and nail salons, tattoo parlours, spas, massage parlours, non-medical acupuncture and tanning salons)
Non-essential businesses can continue to offer delivery and click and collect services.
A Job Retention Bonus of £1,000 will be paid where:
- An employee was previously furloughed.
- An eligible furlough claim was made for that employee.
- The employee remains continuously employed from 1st November 2020 to 31 January 2021.
- The employee is not serving notice
- The employee must have been paid at least £520 a month average for the 3 months preceding 5th February 2021
- Taxable income must have been paid in the 3 months preceding 5th February 2021
Claims will be made after 15th February 2021 and must be made by 31 March 2021
Employees claimed on the Job Support Scheme from 1st November 2020, will also be eligible.
Directors are also eligible for the bonus, if all the above are met.
Love Accountancy are planning to file these claims for our clients.
How to: add a new (Read Only) user to Xero
Log into your Xero account. From the Dashboard go to the drop down menu and settings:
Bounce Back Loans (100% Government Backed)
New Government backed loan available now from your bank.
Stretching your cash reserves – top tips
Here we’ll quickly go through some top tips on managing your cash and making it last longer – especially important at a time like this.
Get paid quicker:
Sounds simple, but it’s not always that easy! Read More
FAQs for the self employed
- First Published: 27th March
Last Updated: See below
As we get answers to questions (or have new advice), we’ll add them here and send out a WhatsApp broadcast, so we can help as many people as possible. Follow this link to join the broadcast list: http://www.loveaccountancy.co.uk/how-to-get-added-to-our-whatsapp-broadcasts/
Updates:
6th May 2020
Application details are now on this page
- First Published: 23rd March 11:45
Last Updated: See below
As we get answers to questions (or have new advice), we’ll add them here and send out a WhatsApp broadcast, so we can help as many people as possible. Follow this link to join the broadcast list: http://www.loveaccountancy.co.uk/how-to-get-added-to-our-whatsapp-broadcasts/
Updates:
2 June 2020
New updates to the furlough scheme – here
26th March 20:30
Self Employment summary – added to the self employed section below
Watch Martin Lewis on ITV at 20:30
26th March 16:45
Tool kit for employers, provided by HR specialists Peninsula
26th March 09:00
Updates added to (dates added to the question title):
25th March 19:45
Self employed support package to be announced tomorrow. Will watch and digest in the evening with a view to update on Friday.
24th March 07:30
Further layout changes into categories. More detail on furloughed employees and assistance for employers (inc director only businesses). Slight revisions to grant pages (we do think it’s an idea to speak to your local authority, even though gov advice is to wait). Although putting extra strain on gov resources may be a negative.
23rd March 19:45
Layout changes to make it easier to read. Answers to questions about grants and self employed help.
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