On Tuesday 21st July, HMRC conducted a CJRS webinar for employer’s in relation to the scheme as we move into the final stages of furlough. We have listed the key facts below following the information shared during the webinar.What has changed?From July 1st, employers could bring back employees for any amount of time and any shift pattern, while still being able to claim the CJRS grant for their normal working hours not worked. They must have previously furloughed employees for a full … [Read more...]
Coronavirus Update
Some 61% of jobs done by these young women had wages paid by the state, HM Revenue and Customs (HMRC) said.Young men of the same age were also more likely than not to have been furloughed, hitting 58% of their jobs.Men aged in their 40s and women aged 41 to 58 were least likely to have been put on the scheme.Anne Willmot, age campaign director at Business in the Community, said: "Young people are being locked out of employment at the start of their careers - a key time for them to … [Read more...]
CRJS Government Guidance Update
The government have issued guidance to help employers repay HMRC if they have over claimed through the Coronavirus Job Retention Scheme.We have put together some key points to assist employers with repayments in line with the guidance supplied by HMRC.If you have uploaded a claim in error and want to delete it, you must delete the claim via the online service within 72 hours. If you have made an error in a claim that has resulted in an over claimed amount you must pay this back to … [Read more...]
Summer statement: what you need to know
The Chancellor Rishi Sunak announced measures in the summer statement to help the UK recover from the effects of the coronavirus.Below we have put together a summarised brief of the announcements.Jobs Retention Bonus: If an employer brings back a furloughed employee and keeps them in the job to January, then the Government will pay a £1,000 bonus per employee. Sunak stated, "It's vital people aren't just returning for the sake of it - they need to be doing decent work.”For businesses … [Read more...]
Budget 2020
With Coronavirus (COVID-19) taking up almost all media activity recently, it would have been very easy to have missed the Chancellors first Budget to parliament yesterday.In his first Budget, Chancellor Rishi Sunak unveiled a £12bn package to help the country through the coronavirus outbreak.£5bn emergency response fund to support the NHS and other public services in England All those advised to self-isolate will be entitled to statutory sick pay, even if they have not presented … [Read more...]
What do you look for when you review your PSL?
Many agencies follow compliance processes they have internally to review the PSL of umbrella companies. However, do you really know what your workers are being charged and understand the payslip and calculations behind the figures?With the key information document, being issued to contractors from April 2020 by recruitment agencies now would be the time to check what is actually being deducted.We review payslips from competitors on a regular basis from contractors who are not happy with … [Read more...]
HMRC announces change to the off-payroll working rules
Changes to the operation of the off-payroll working rules will only apply to payments made for services provided on or after 6 April 2020, HMRC has announced today ahead of the publication of the government’s review.The formal publication of a review into the implementation of changes to the off-payroll working rules is due to conclude in February.A common issue raised over the course of the review has been businesses’ concerns over what payments the rules apply to and from when. The … [Read more...]
IR35 is coming regardless of Brexit or a General Election
Just because government are unable to sort out Brexit, this does not mean that IR35 scheduled in for April 2020 is going to be delayed. Regardless of Brexit, a General Election and possible leader change, IR35 will still be in place and actioned. There has been much mentioned recently that with a General Election and possible change in government IR35 will be shelved. This is not going to happen, according to a representative from Saffrey Champness, one of the UK's Top 20 accountancy … [Read more...]
Umbrella companies: what their detractors don’t want you to know
Despite the important role that umbrella companies play in supporting contractors, providing all employment rights and ensuring tax and NICs are paid, there are numerous misunderstandings about how umbrellas work in practice.Five ‘myths,’ if you will, still doing the rounds, writes Julia Kermode, CEO of the Freelancer & Contractor Services Association.Myth 1Hidden charges!When trade unions first became aware of umbrella companies, they were concerned about the apparent … [Read more...]
Umbrella usage is set to soar according to 91% of Recruiters.
With the planned changes to IR35 in the Private Sector round the corner, research from the Association of Professional Staffing Companies (APSCO) shows a vast majority of professional recruitment companies are expecting Umbrella companies to be utilised far more going forward.The survey from APSCO revealed that 91% of those polled within professional recruitment believe that PSC’s will be dropped in favour of Umbrella services due to the new rules, which come into effect as of April … [Read more...]