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08-10-2020

Pension schemes newsletter 124

This week saw the publication of HMRC’s newsletter 124 to update stakeholders on the latest news for pension schemes.

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08-10-2020

Changes to National Minimum Wage for Seafarers

New legislation has been created from the 1st of October through the National Minimum Wage (Offshore Employment) (Amendment) Order 2020 to bring pay for seafarers in line with other employees.

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08-10-2020

The Self Employment Income Support Scheme Extended

The current SEISS brought in to support the self-employed during the COVID-19 pandemic has been extended and confirmed as part of the chancellors Winter Economic Support. The grant extension is for self-employed individuals who are currently eligible for the Self-Employment Income Support Scheme and are actively continuing to trade but are facing reduced demand due to coronavirus.

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08-10-2020

The End of the Job Retention Scheme

As we move into October, we also move into the final month of the Job Retention Scheme. Since March, the government has helped to pay the wages of 9.6 million people working for 1.16 million employers which equates to 32% of the UK workforce.

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08-10-2020

Updates to the Job Retention Bonus

On the 2nd of October, HMRC released further guidance in respect of the Job Retention Bonus offered during the summer. The scheme starts in 2021 and you cannot claim the Job Retention Bonus until 15 February 2021. The claim will be made through an online claim service on GOV.UK. which will be confirmed by the end of January.

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24-09-2020

Updated Coronavirus SSP eligibility

HMRC has updated its guidance in respect of self-isolation and the eligibility for SSP during the COVID-19 pandemic.

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