employees Archives | Taxfile https://www.taxfile.co.uk/tag/employees/ Tax advice & accounting services for South London businesses & SMEs Sun, 31 Oct 2021 20:38:33 +0000 en-GB hourly 1 Job Support Scheme Replaces the Job Retention Scheme from 1st November 2020 https://www.taxfile.co.uk/2020/09/job-support-scheme-replaces-the-job-retention-scheme-from-1st-november-2020/ Thu, 24 Sep 2020 14:30:56 +0000 https://www.taxfile.co.uk/?p=4619 The Job Support Scheme for employees starts 1 November 2020

The Job Retention Scheme (JRS) winds down at the end of October. It will be followed, for the next six months, by a new job support scheme, which subsidises the wages of employees working at least a third of their normal hours, to further support viable UK employers who face lower demands due to COVID-19.

In an attempt to keep employees attached to the workforce, the Government will be introducing a new Job Support Scheme from 1 November 2020, where employees will need to work a minimum of 33% of their usual hours.

For every hour not worked the employer and the Government will each pay one third of the employee’s usual pay. The government contribution will be capped at £697.92 per month.

Employees using the scheme will receive at least 77% of their pay (where the Government contribution has not been capped) & the employer will be reimbursed in arrears for the government contribution. The employee must not be on a redundancy notice.

The scheme will run for six months from 1 November 2020 and is open to all employers with a UK bank account and a UK PAYE scheme.

All Small and Medium-Sized Enterprises (SMEs) will be eligible. Large businesses will be required to demonstrate that

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‘Employment Allowance’ to save businesses up to £2k in NIC https://www.taxfile.co.uk/2014/01/employment-allowance-to-save-nic-costs/ Mon, 27 Jan 2014 10:26:39 +0000 http://www.taxfile.co.uk/blog/?p=634 In April 2014 the new ‘Employment Allowance’ will be introduced. This will cut up to £2k off the National Insurance costs incurred by businesses and save employers nearly £5.5 billion across the UK as a whole by the end of the Parliament. This equates to £200 per UK employee. These savings will also be helped […]

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