You might already be aware that last December saw some important updates to the furlough scheme rules.
One important change concerned the payment of employees’ notice pay while on furlough, to prevent the scheme from being used for any employee that is retiring, being made redundant, or is working their notice.
It was made clear by HM Treasury that an employer can no longer claim in respect of an employee who is serving out any sort of notice period.
This is for all notice, whether contractual or statutory, or in relation to resignation, retirement or redundancy. All notice must be funded entirely by the employer and not claimed for through the CJRS.
Please note that employers will need to make an adjustment in cases where an employee subsequently starts a contractual or statutory notice period on a day covered by a previously submitted claim.
You can find out more details on the GOV.UK website. If you wish to discuss this further or need advice relating to your business, please don’t hesitate to get in touch with a member of the TS Partners team today.
Gelişmiş Bonus ve Promosyonlar Birbirinden cazip bonuslar ve promosyonlarla dolu bir dünyaya hazır mısınız? Siz de bu fırsatları kaçırmadan avantajlı alışverişin keyfini çıkarabilirsi…
Kolay Kullanım ve Güvenli Ödeme Seçenekleri Siz değerli müşterilerimiz için en iyisini sağlamak bizim önceliğimizdir. Ödeme işlemlerinde mükemmel bir deneyim sunmak için kolay kullanım…
In recent years, we’ve witnessed a significant shift among company car drivers, especially directors of owner-managed businesses, towards Electric Vehicles (EVs) to capitalize on the available t…
What is Land Remediation Tax Relief? If your property is owned or leased by a limited company, you (whether landlord or tenant) may be able to get tax relief on the costs of removing the asbestos and …
Navigating the UK business terrain, it’s clear that the right funding can pivot your growth trajectory. With this in mind, TS Partners has teamed up with Swoop, creating a bridge between your f…
Despite the limited tax breaks for UK commercial property owners or investors, many overlook the significant tax relief provided by capital allowances. This oversight often arises from unfamiliarity w…
For a while now, there have been persistent suggestions that the UK could be on the verge of entering a recession – and according to at least one authoritative source, that moment may finally come l…
Following an extended period of time in which the outlook did not seem greatly positive for very many businesses in the UK, our experts at TS Partners were cheered to read that according to one new bu…
Talk of recession risk for the UK is becoming a very well-worn theme at this point, but it is also sadly true that many an accountant in Newton Abbot – and their clients – must bear such a risk in…
As things stood at the time of this article being written, the destination of the Women’s World Cup trophy was yet to be decided; nonetheless, the England team has already captured the imaginations …
Firms around the South West of England – including many taking advantage of TS Partners’ expertise in accounting in Newton Abbot – seem to be remaining confident as the summer of 2023 wears on, …
Recent months, it is fair to say, have been ones of ups and downs for many UK business owners, who have been anxious to see reasons for optimism. The UK did at least avoid what had once been a widely …
It has been clear for all to see in recent times that firms across the UK have been buffeted by a range of adverse factors, not least inflation and climbing interest rates. However, at least one recen…
There sadly isn’t a lack of indicators of the exceedingly challenging situation for many small businesses in the UK – and beyond – at the moment. Sure enough, another one has emerged, with it be…
According to at least one source, it would seem that confidence in the UK economy among the country’s business leaders has declined markedly recently, erasing the progress that had been made in this…
In news that will not be cheering for the Bank of England (BoE) as it continues to struggle to drive down inflation, it has emerged that a far greater number of companies in the UK services sector are…
Amid continuing concerns about inflation and the economy, it seems that the UK Government has at least some reason for cheer: the “tax gap” for the year 2021 to 2022 has remained at its lowest eve…