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Wheelers Words

Stay up to date with all the latest accounting, tax and company news on our Wheelers Words blog posts.

May 14, 2020

Wheelers Words: Latest update on COVID-19 Support

Self Employed Support Scheme

The new portal for claiming opened this morning for people with an allocated slot. Please refer back to the update from Monday on who is eligible to claim. Once you have completed the eligibility checker you will be allocated a slot to login and make the claim.

The claim process (which we cannot complete as agent) is very simple. You just need your bank details handy at the time of the claim. The way HMRC calculate your claim amount is clearly shown on the screen. You will be given a claim reference which we suggest you note for any future query. We are expecting the money to be received into bank accounts within 6 working days.

Changes to the Furlough Scheme

Yesterday the Chancellor announced that the Coronavirus Job Retention Scheme will be extended by four months to the end of October. The scheme will remain the same until the end of July, but after that there will be some flexibility on workers returning on a part time basis. It is also expected that employers will have to contribute to the wages of their employees but full details are expected by the end of this month.

Government issues guides to working safely during COVID-19

A suite of useful guides has been issued by the Government on how to open workplaces safely during and after the pandemic. They can be found at https://www.gov.uk/guidance/working-safely-during-coronavirus-covid-19

Each guide gives practical tips on how to social distance and keep employees safe.

Wheelers update

Our offices remain closed under the current guidance from the Government as we can safely work from home. We will of course update you when this changes.