T: 01332 380691
Ashgates - Accountants and Business Advisors based in Derby
  • Who We are
    • Reviews
    • Charity work >
      • 40 Something Challenge
    • Careers
    • Our Values
  • The Team
  • What we do
    • Accountancy Services >
      • Accounts
      • Audit
      • Bookkeeping, VAT & Management Accounts
      • Business Start-up Advice
      • Business Plans & Cashflow Forecasting
      • Company Secretarial
      • Payroll
      • Tax
    • Corporate Finance
    • Financial Services
    • HR Services
    • IT Services
    • Financial Software >
      • Sage
      • Xero
    • Sports Professionals
  • News
  • Contact
  • Resources
    • Spring Statement 2022
    • COVID-19 Hub
  • Who We are
    • Reviews
    • Charity work >
      • 40 Something Challenge
    • Careers
    • Our Values
  • The Team
  • What we do
    • Accountancy Services >
      • Accounts
      • Audit
      • Bookkeeping, VAT & Management Accounts
      • Business Start-up Advice
      • Business Plans & Cashflow Forecasting
      • Company Secretarial
      • Payroll
      • Tax
    • Corporate Finance
    • Financial Services
    • HR Services
    • IT Services
    • Financial Software >
      • Sage
      • Xero
    • Sports Professionals
  • News
  • Contact
  • Resources
    • Spring Statement 2022
    • COVID-19 Hub

CJRS Compliance Checks

30/9/2021

 
As the Coronavirus Job Retention Scheme (CJRS) comes to a close today, HMRC are now beginning to open compliance checks into claims made under the scheme. 
​
Selected employers will be contacted by letter (sample here) requesting very detailed information on every employee for which CJRS grants were claimed.  The letters will not necessarily be sent to the employer’s agent so it is important that they are forwarded as soon as possible should you require assistance.

The letters will have a short timescale for a response as HMRC expect the information to be readily available.  In certain circumstances this may be unachievable and it is therefore important that contact is made with HMRC at the earliest opportunity to agree an alternative deadline.

Whether a compliance check letter is received or not, it is important to retain records of any CJRS claims made including:
  • The amounts claimed and claim period for each employee
  • All calculations used to calculate the claims
  • For employees on flexi furlough, the usual hours worked and how this was calculated together with evidence of the actual hours worked

Records should be retained for six years.

As a reminder, the CJRS closes on 30 September 2021.  Claims for September should be submitted by 14 October 2021 and any amendments must be made by 28 October 2021.

We are here to help so please contact us if you wish to discuss any of the above.

Tax & NI Rates

8/9/2021

 
The Government yesterday announced with effect from 6 April 2022 an increase of 1.25% to class 1 employees and employers national insurance, class 4 national insurance and income tax on dividends to fund shortfalls in the NHS and social care.

This will have the following effect on rates:
 

Current Rate

Increased Rates

     

Class 1 NIC Employee Main Rate

12.00%

13.25%

Class 1 NIC Employee Upper Rate

  2.00%

  3.25%

Class 1 NIC Employer Rate

13.80%

15.05%

     

Class 4 NIC Self Employed Main Rate

9.00%

10.25%

Class 4 NIC Self Employed Upper Rate

  2.00%

  3.25%

     

Dividend Tax Rate

7.50%

8.75%

Dividend Higher Tax Rate

32.50%

33.75%

Dividend Additional Tax Rate

38.10%

39.35%


Draft legislation has not yet been published so these details could still change and we will keep you up to date with any new information.

The Government also announced that the Autumn Budget will take place on 27th October 2021 and we will update you of the key points as they are announced.

We are here to help do please contact us should you wish to discuss any of the above.

    Archives

    June 2022
    May 2022
    March 2022
    January 2022
    December 2021
    October 2021
    September 2021
    July 2021
    June 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    May 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016

    RSS Feed


​Services

Accounts
Audit
Bookkeeping
Business Start-up & Advice
Business Plans & Cashflow Forecasting
Company Secretarial
Corporate Finance
Financial Services
HR Services
IT Services
Management Accounts
Payroll
Sage
Sports Professionals
Tax
Xero


​Company

Who We Are
Client Reviews
Charity Work
Careers
Team Ashgates
Leave us a Review
​Terms of Use
Privacy Notice
​
Staying COVID-19 Secure in 2020
Picture
Tweets by Ashgates

​Website build : Ashgates IT
​
© ASHGATES GROUP 2022. ​ALL RIGHTS RESERVED.
5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG