Coronavirus (COVID-19)

Job Retention Scheme

Coronavirus Job Retention Scheme (CJRS)

For claim periods from 1‌‌ ‌December, employers cannot claim CJRS grants for any days that their employee is serving a contractual or statutory notice period, including notice of retirement or resignation.

 

Publishing employers’ information

HMRC will publish the names, an indication of the value of claims and Company Registration Numbers of employers who make CJRS claims for periods from December onwards.

For claim periods from December, employees will also be able to check if their employer has made a CJRS claim on their behalf through their online Personal Tax Account.

VAT Deferral New Payment Scheme

Businesses who deferred VAT due from 20‌‌‌ ‌March to 30‌‌‌ ‌June 2020 will now have the option to pay in smaller payments over a longer period. Instead of paying the full amount by the end of March 2021, businesses can make up to 11 smaller monthly payments, interest free. All instalments must be paid by the end of March 2022. Any business wishing to avail of this will need to opt-in to the scheme, and for those who do, this means that their deferred VAT liabilities do not need to be paid by the end of March 2021.

The VAT Deferral New Payment Scheme will require a Direct Debit to be set up as part of the digital opt-in process and this must be done by the authorised bank account holder. Because of that, HMRC is unable to provide an agent service for the scheme. Businesses that can pay their deferred VAT should still do so by 31‌‌‌ ‌March 2021.

We hope this new CJRS and VAT information will prove useful to those to avail of these schemes.

Please be assured, once again, that we are only a phone call away, and do not hesitate to contact us if we can be of any assistance.

 

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