Latest Updates and Important Information

Furloughing employees due to caring responsibilities
If an employee asks to be furloughed because they have caring responsibilities resulting from coronavirus, such as caring for children who are at home as a result of school or childcare facilities closing, you can place them on furlough and claim for them under the CJRS.

Publishing details of CJRS claims

In January HMRC published a list of employer names who have claimed CJRS for periods from December onwards on GOV.UK.

From 25 February they will publish the names, an indication of the value of claims and Company Registration Numbers (for those who have one) of employers who make CJRS claims for periods starting on or after 1 December. The published value of claims will be shown within a banded range.

Details will not be published of employers claiming through the scheme if they can show that publicising these would result in a serious risk of violence or intimidation to individuals, or those living with them. You can request for details not to be published by completing the online application form.

VAT Deferral new payment scheme from end of Feb 2021
If your business deferred VAT due from 20 March to 30 June 2020 and you still have payments to make, you can opt into the VAT deferral new payment scheme to pay your deferred VAT over a longer period.

The payment scheme is expected to open on 23 February 2021 and close at the end of June 2021. Those opting in can make up to 11 smaller monthly instalments, interest free.

Go to VAT deferral for more information.

The Business Store

You're all up to date! Thank you for reading our newsletter. If there are any topics you would like to discuss further please get in touch with us on 01268 770099.

Copyright © 2021 The Business Store. All rights reserved.

Want to change how you receive these emails?

You can
update your preferences or unsubscribe from this list.