The hourly rate for the minimum wage depends on your age and whether you’re an apprentice. This page is also available in Welsh (Cymraeg). You must be at least: school leaving age to get the National Minimum Wageaged 25 to get the National Living Wage – the...
The ICAEW have issued further guidance on the Coronavirus Job retention scheme, the link to this guidance is:https://www.icaew.com/insights/viewpoints-on-the-news/2020/mar-2020/coronavirus-job-retention-scheme-furlough-guidance The text of the ICAEW guidance is...
HMRC have issued the following guidance on the Coronavirus Self-employment income support scheme, the link to this guidance is: The text of the HMRC guidance is replicated below for your reference and is subject to further clarity from the...
Updated March 27: The UK government is supporting businesses during the coronavirus pandemic by deferring VAT and self-assessment payments. ICAEW’s Tax Faculty outlines how the proposed action will work. Updated 27 March: Following clarifications from HMRC. Under the...
Nigel Holland Announced on 26/3/20 The Government has announced help for self employed. They will receive 80% of the average profits over the last 3 years. SELF-employed workers can get up to 80 per cent of their profits lost because of disruption to their business...
Redundancy You are closing your company and this will mean you lose your jobs.You will effectively be redundant.You are entitled to £30k each tax free as redundancy.If the company can not pay you then you are still owed it. The figure can be shown as an expense on the...
