A full-time working employee is entitled to a statutory minimum of 28 days holiday each year. Ordinarily the legislation splits this entitlement to statutory holiday into 20 days and 8 days, and there are some differences in the rules that apply:
Use the Government’s eligibility checker to confirm whether you are entitled to make a claim.
The claims portal for the existing Self-Employed Income Support Scheme (“SEISS”) went live on 13 May 2020 to provide the self-employed with a taxable grant worth 80% of their average monthly taxable profits capped at a total of £7,500. Payments have followed within six working days of making the claim. If you haven’t yet claimed the grant then you must do so before 13 July 2020.
The Government have confirmed that the grant under the Coronavirus Job Retention Scheme (“CJRS”) can still be claimed for holiday taken during period of furlough.
If an employee on furlough takes annual leave, an employer must calculate and pay the correct holiday pay in accordance with the contract. Where this contract rate is more than what the employee is receiving on furlough then the employer must pay the difference.
The Coronavirus Job Retention Scheme was extended to 31 October 2020 earlier in May and on 29 May 2020, the Chancellor announced more details about this extension to the scheme. The new guidance is aimed at allowing employers to bring back staff on a part time basis, and involves employers contributing towards the cost of the scheme on an increasing basis.
The scheme will close to new entrants from 30 June 2020. From this point onwards, employers will only be able to furlough employees that you have furloughed for a full three-week period prior to 30 June 2020. This means that the final date that you can furlough an employee for the first time will be 10 June 2020 for the current three-week furlough period to be completed by 30 June 2020.
Ashgates have passed their Cyber Essentials Certification for another year. We take Cyber Security very seriously and this demonstrates we are continually working to secure our business and its data.
Cyber Essentials is a Government backed scheme, helping organisations improve their defences & demonstrate publicly, their commitment to Cyber Security.
Having reviewed our own policies, procedures and defences it is great to know that we not only comply but also exceed the requirements in many areas.
If you would like to see how Cyber Essentials can benefit your business, working to secure your customers data and demonstrate your commitment to Cyber Security, please get in touch with Ashgates IT for more information.
HMRC have published the updated rates for mileage claims on company cars that take effect from 1 June 2020.
You can use the previous rates for up to one month from the date the new rates apply. The advisory fuel rates per mile for journeys undertaken on or after 1 June 2020 are:
The Coronavirus Statutory Sick Pay Rebate Scheme goes live on Tuesday 26 May for employers to recover the costs of paying coronavirus related SSP to employees for eligible periods of sickness starting on or after 13 March 2020.
Employers are eligible to the rebate if they have a PAYE payroll scheme that was created and started before 28 February 2020 and they had fewer than 250 employees (in aggregate across group companies) before the same date.
The claimable rate of SSP is £94.25 per week for periods up to 5 April 2020 and £95.85 per week thereafter. The maximum claim can cover up to two weeks of SSP and is payable if an employee is unable to work because they:
Employers can claim back from both the Coronavirus Job Retention Scheme and the Coronavirus Statutory Sick Pay Rebate Scheme for the same employee but not for the same period of time for that employee.
How to claim
If Ashgates already provide a payroll service to you, then you need take no further action, as Ashgates payroll team will make the claim on your behalf when preparing your payroll.
If Ashgates don’t provide a payroll service to you, HMRC have released the following information to help you prepare to make a claim through the Coronavirus Statutory Sick Pay Rebate Scheme.
As you prepare to make a claim, please note:
You will need to have the following available to make the claim:
You must keep the following records for 3 years after the date you receive the payment for your claim:
Should you have any questions or need further advice in this matter please contact us.
HMRC has released guidance on the COVID-19 Self-employment Income Support Scheme.
The UK government launched an online platform to help businesses access financial support during the COVID-19 crisis.
HMRC has confirmed it will not charge penalties for the late reporting of capital gains tax (CGT) on disposals of UK residential property by UK residents made by 31 July 2020.