Leggate Associates Newsletter – 6 July 2020 – Flexible furlough

From 1st July “Flexible Furlough” came into effect which allows more flexibility in re-introducing your staff back to the workplace.  It is designed to kick start the economy and re-open the UK. The scheme allows you to bring employees back to work on a part-time...

Coronavirus Tax and Support Update – June 4th 2020

There have been some recent developments in terms of the support available to businesses during the ongoing coronavirus pandemic, particularly in respect of the Coronavirus Job Retention Scheme, commonly known as the “furlough” scheme. There has also been an extension...

Coronavirus Job Retention Scheme

CORONAVIRUS JOB RETENTION SCHEME One major benefit that has been introduced by the Chancellor to protect jobs is the Coronavirus Job Retention Scheme (“CJRS”). Summary HMRC will reimburse 80% of ‘furloughed’ workers’ wage costs, up to a cap of £2,500 per employee per...

VAT Returns/Self-Assessment Tax Returns and Payments

VAT payment deferral Any VAT payments due on 10 April, 10 May and 10 June will not be collected by HMRC. No action is required by businesses – this will happen automatically. However! This is effectively just an interest free loan from HMRC and it will need to be...

Government Loans Available

There are currently 2 Government backed loans for those who need it.  It will hopefully enable businesses to continue to operate during this global pandemic.  Details of these two new loan schemes are being confirmed and an information campaign launched so that...

Employee Measures

Employee Measures If you haven’t already done so, you must ensure that your staff are aware of the measures you have in place to cope with virus-related problems, and to review the terms and conditions of their contracts. This will include your terms of sick pay and...