We Talk Tiers and HMRC Updates This December

With Lockdown coming to an end, we talk “Tiers” and the latest government updates this December.  The new Tier system comes into effect across the country on Wednesday 2nd December.

We go through the key updates in a snapshot…

 

Sets out the local restriction tier system that will be in place from Wednesday 2 December, including what you can and cannot do in each tier.

It is right to apply tighter restrictions where prevalence is highest. In September and October, the virus spread rapidly in all parts of the country. The government responded with new national restrictions. These have brought transmission back under control.

The government will replace them on 2 December with a regionally-differentiated approach, where different tiers of restrictions apply in different parts of the country.

These tiers will be strengthened compared to the previous tiers in order to prevent a return to growing infections. We know that social contact spreads the virus. We need to impose these restrictions and it is right to target the toughest measures only in the areas where the virus is most prevalent or where we are seeing sharper increases in the rate of infection.

The government is committed to ensuring the right levels of intervention in the right places to manage outbreaks, suppress the virus and keep R below 1.

There are 3 tiers for local restrictions:

On Thursday 26 November the government announced which areas are in which tier. You will be able to use the postcode checker to find out the restrictions in your area or an area you plan to visit. The NHS COVID-19 app will be updated on 2 December.

The new rules will come into effect from the beginning of Wednesday 2 December.

Click Here to find your Tier

 

On 5 November, Chancellor Rishi Sunak announced that as part of the new national lockdown the Coronavirus Job Retention Scheme (CJRS) has been extended until the end of March 2021.

Chancellor Rishi Sunak said:

‘I’ve always said I would do whatever it takes to protect jobs and livelihoods across the UK – and that has meant adapting our support as the path of the virus has changed.

‘It’s clear the economic effects are much longer lasting for businesses than the duration of any restrictions, which is why we have decided to go further with our support.

‘Extending furlough and increasing our support for the self-employed will protect millions of jobs and give people and businesses the certainty they need over what will be a difficult winter.’

Read more…

Speak to the team today if you have any questions.

 

From 6 April 2020, employers have been able to pay employees up to £6 a week tax-free to cover additional costs if they have had to work from home.

Launched on 1 October 2020, the online portal has been set up to process tax relief on additional expenses for employed workers who have been told to work from home by their employer to help stop the spread of COVID-19.

From 6 April 2020, employers have been able to pay employees up to £6 a week tax-free to cover additional costs if they have had to work from home. Employees who have not received the working from home expenses payment direct from their employer can apply to receive the tax relief from HMRC.

Eligible taxpayers can claim tax relief based on the rate at which they pay tax. For example, if an employed worker pays the 20% basic rate of tax and claims tax relief on £6 a week, they would receive £1.20 a week in tax relief (20% of £6 a week) towards the cost of their household bills.

Higher rate taxpayers would therefore receive £2.40 a week (40% of £6 a week). Over the course of the year, this could mean taxpayers can reduce the tax they pay by £62.40 or £124.80 respectively.

HMRC’s Interim Director General of Customer Services, Karl Khan, said:

‘We want everyone to get the money that they are entitled to, so we’ve made the online service as easy to use as we can – it takes just a few minutes to make a claim.

‘Once the application has been approved, the online portal will adjust an individual’s tax code for the 2020/21 tax year. The employee will receive the tax relief directly through their salary and will continue to receive the adjustment until March 2021.’

Speak to the team today to claim yours.

 

£134 million support announced to help UK businesses build back greener

The Government is to invest to keep UK’s greenest, most innovative businesses going during coronavirus pandemic. 

This includes projects to service offshore wind turbines autonomously, using AI to reduce beer waste in the brewing process and converting seaweed into compostable packaging to tackle plastic waste are set to benefit.

Read more…

 

Here at Robinsons, we can help you check your eligibility and get you on board the scheme that works for you, and your business needs. 

Speak to the team today.  Let’s keep your business moving.

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