by ClearwaysAccountants | Apr 17, 2020 | Contractor
More information form HMRC on the Wage Support Portal The details of what information needs to be completed in the new portal has been published: you can claim for employees that were employed as of 19 March 2020 and were on your PAYE payroll on or before that date;...
by ClearwaysAccountants | Apr 8, 2020 | Contractor, COVID-19 Business Support
Company Directors – 80% Wages Support We have received guidance on the wage grant. HMRC have confirmed that: Salaried company directors are eligible to be furloughed and receive support through this scheme. If a company has a number of directors then the...
by ClearwaysAccountants | Mar 27, 2020 | Contractor, COVID-19 Business Support
From The Treasury “Those who pay themselves a salary and dividends through their own company are not covered by the scheme but will be covered for their salary by the Coronavirus Job Retention Scheme if they are operating PAYE schemes.” HMRC have...
by ClearwaysAccountants | Mar 27, 2020 | Contractor, COVID-19 Business Support
We have received an update from HMRC about the 80% wages grant. There are still open questions. My thanks to the ICAEW COVID 19 hub for providing this summary of the position so far. Rules as outlined in official statements released at 23 March 2020: Furloughed...
by ClearwaysAccountants | Mar 27, 2020 | Contractor, COVID-19 Business Support, Self Employment
The Chancellor announced the self-employment income support package today. See the details below, as provided from the Government Business Support web page What is it? The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including...
