Jolliffe’s News & Views
Latest Updates from HMRC
New legislation – redundancy payments New legislation came into force on 31 July 2020 to ensure that furloughed employees will receive statutory redundancy payments based on 100% of their normal pay, not at the reduced furlough rate. Furlough...
Executive People Update: equal pay, end of shielding restrictions, face coverings and more
As part of keeping you in our focus, our executive people update ensures you’re on top of the latest changes in legislation, case law and people trends. Equal pay claims The Asda equal pay case has reached the Supreme Court to determine the legal...
July 2020 Self-Assessment Payment on Account
In measures to help small businesses through the COVID-19 pandemic, HMRC announced that the usual 31 July 2020 self-assessment payment on account can be deferred to 31 January 2021. How does it work? You have to make 2 payments on account every...
ONS reports ‘alarming’ slump in self-employed numbers
The number of self-employed people in the UK has seen a record decrease in the last few months, data from the Office for National Statistics shows. Estimates for March to May 2020 showed a total of 4.85 million people were self-employed - a...
VAT cut kicks in for certain sectors
A temporary cut to the standard rate of VAT for businesses in the food, drink, hospitality and tourism sectors has come into force. Chancellor Rishi Sunak used last week's economic update to announce the measure, which reduces the main rate from...
9 big reasons to get your accounts completed NOW!
One of the most important times of the year for any self-employed person or company director is January - tax month! It can be super stressful if you don't get your accounts sorted in time for the new year - it really is a case of ' the sooner you...
What does the Chancellor’s mini budget mean for you?
We spent a large part of yesterday afternoon listening and reflecting on the budget update from the chancellor. As ever, statements from the government regarding personal and business finances can be difficult to grasp, so we've broken it down for...
Self Employed Income Support Scheme Update
The Self Employed Income Support Scheme (SEISS) allows you to claim a taxable grant of 80% of your average monthly trading profits capped at £7,500 covering 3 months. Unlike the Coronavirus Job Retention Scheme(CJRS), if you receive the grant you...
NHS Test and Trace: Workplace Guidance
The NHS test and trace service forms a central part of the government’s coronavirus recovery strategy, which seeks to help the nation return to normal as soon as possible for as many people as possible, in a way that is safe and protects the NHS...
New Flexible Furlough Letter
From the 1st July, you can start to bring back furloughed staff part time and use the Flexible Furlough Scheme to cover some of their wages. There is no need for a new contract between you and your employees, although the guidance says that the...
Flexible Furlough – Government Guidance
Late on Friday the government released further detail on how the new ‘flexible furlough’ will work from 1 July. Here’s a summary of the key detail. You can also access the full government guidance here. New flexibility From 1 July, you can bring...