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Offsetting overpaid CJRS funds

Offsetting overpaid CJRS funds

HMRC has updated the guidance on CJRS payments to say that if a business has overclaimed for one employee, they can offset this by an amount, equal to any amounts that they’ve underclaimed for another employee included in the same claim period. For example,if a business claimed £4,000 for 1 June 2021 to 30 June...

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CJRS – what to do about late claims

CJRS – what to do about late claims

The deadline for making a furlough claim has now ended. However, HMRC will accept late claims from claim periods from 1 November 2020 if you have: taken reasonable care to try and claim on time a reasonable excuse claimed as soon as your reasonable excuse no longer applies. You may have a reasonable excuse if...

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Tourism: Finance – questions in the House

Tourism: Finance – questions in the House

Below is a Written Answer in the House of Commons by the Department for Digital, Culture, Media & Sport Answered on: Monday 27 September 2021 Catherine West (MP for Hornsey and Wood Green): “To ask the Secretary of State for Digital, Culture, Media and Sport, what financial support will be made available to the tourism...

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Temporary insolvency measures extended

Temporary insolvency measures extended

The Insolvency Service has announced that regulations are set to be laid that will mean restrictions on statutory demands and winding up petitions will remain for a further three months until 30 September 2021 with a view to protecting companies from creditor enforcement action where their debts relate to the pandemic.

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Grant eligibility rules updated

Grant eligibility rules updated

The guidance for Additional Restrictions Grants (ARGs) has been updated to highlight the businesses that are eligible, and this has been extended to businesses that are being impacted by the delay in moving to Step 4. The guidance now states that: Local councils have the freedom to determine the eligibility criteria for these grants. However,...

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Chancellor of the Exchequer announces opening of the UK Infrastructure Bank

Chancellor of the Exchequer announces opening of the UK Infrastructure Bank

Launched today at its headquarters in Leeds, the UK Infrastructure Bank will be tasked with accelerating investment into “ambitious infrastructure projects, cutting emissions and levelling up every part of the UK”. First announced by the Chancellor alongside the Spending Review, the Bank will help to finance important projects in every region and nation of the...

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Eviction protection extended for commercial tenants

Eviction protection extended for commercial tenants

MHCLG and BEIS have announced that the existing measures in place to protect commercial tenants from eviction will be extended to 25 March 2022. They also announced that legislation will be introduced in this session to ringfence outstanding unpaid rent that has built up when a business has had to remain closed during the pandemic....

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New CJRS form for use after 27 May

New CJRS form for use after 27 May

A new template has been developed for businesses that have between 16 and 99 people on furlough under the Coronavirus Job Retention Scheme (CJRS). If you’re claiming for 16-99 employees on or after 27 May 2021, you’ll need to use the template to upload a file containing the following information for each employee: full name...

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