Govt. updates coronavirus job retention scheme advice

Employer auto-enrolment contributions and national insurance liabilities are covered under the coronavirus job retention scheme. The scheme was announced last week by Chancellor Rishi Sunak and will be open for an initial three months, starting from 1 March 2020. It...

Govt. to pay 80% of self-employed income

Self-employed workers who are affected by COVID-19 can apply for a grant to cover 80% of their average monthly profits over the last three years. Chancellor Rishi Sunak confirmed the taxable grants are worth up to a maximum of £2,500 a month and will be paid in a...

Three-month extension for firms to file accounts

Around 4.3 million businesses in the UK can apply to Companies House for a three-month extension to file their accounts. The joint initiative between the Government and Companies House aims to give firms time to focus on negating the economic impacts of COVID-19....

Warning on coronavirus-related scams

Fraudsters are using the coronavirus outbreak as an opportunity to scam pension savers out of their retirement savings, according to a report. Action Fraud said there were 105 reports of coronavirus-related fraud since 1 February 2020, with total losses amounting to...

Parliament mulls statutory self-employed pay

The Government could be set to extend urgent financial aid to the UK's five million self-employed workers in the coming days. Currently, sole traders can access £94.25 a week in universal credit benefits and defer their payments on account, due on 31 July, until 31...