Nationwide Accountants & Tax Advisors Ltd

01/01/2023

Happy new year to everyone

24/12/2022

For our valued customers. Wishing everyone a Merry Christmas 🎄 and a Happy New Year.

09/09/2022

RIP her Majesty

26/05/2020

Statutory Sick Pay Rebate Scheme

Coronavirus Statutory Sick Pay Rebate Scheme is now live on GOV.UK.
Employers with fewer than 250 employees can now claim for coronavirus-related Statutory Sick Pay (SSP).

Tax agent, you can also make claims on behalf of the employers by visiting GOV.UK

Employers are eligible to use the scheme if they meet all of the following criteria:
• they’re claiming for an employee who’s eligible for sick pay due to coronavirus
• they had a PAYE payroll scheme in operation before 28 February 2020
• they had fewer than 250 employees across all PAYE schemes on 28 February 2020
• they’re eligible to receive state aid under the EU Commission Temporary Framework – more information about this can be found on GOV.UK (please use the search term above).

Which employees are entitled to SSP?
The repayment will cover up to two weeks of the applicable rate of SSP, and is payable if a current or former employee was unable to work on or after 13 March 2020 and entitled to SSP, because they either:
• had or have coronavirus
• could not or cannot work because they were/are self-isolating at home
• were/are shielding in line with public health guidance.

Which records should employers keep?
Employers must keep records of SSP that they have paid and want to claim back from HMRC.
They must keep the following records for 3 years after the date they receive the payment for their claim:
• the dates the employee was off sick
• which of those dates were qualifying days
• the reason they said they were off work – if they had symptoms, someone they lived with had symptoms or they were shielding
• the employee’s National Insurance number.

Employers can choose how they keep records of their employees' sickness absence. HMRC may need to see these records if there’s a dispute over payment of SSP.

If you require assistance please contact us on [email protected]

21/04/2020

CJRS CLAIM PROCESSING (CORONA VIRUS JOB RETENTION SCHEME)
Are you stuck with the claim?
Do you find it confusing?
Is it time consuming?

YES – then please follow the below mentioned simple steps;

1. Calculate how much the furlough pay will be by either using all-time favourite excel or using HMRC calculator here is the link,
https://www.tax.service.gov.uk/job-retention-scheme-calculator/?_ga=2.81491671.1557543199.1587381881-1277944191.1578401938

2. Start the claim by using the following link with your government gateway I,https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme
3. Select coronavirus job retention scheme on right hand side
4. Answer 2 simple questions in yes or no to proceed
5. Enter employer UTR no and employer full name
6. Date of claim period
7. No of Employees
8. Gross Furlough amount, ER NIC, ER pension contribution
9. Enter employee name , nic no and review the details
10. Enter bank details (Account No, Sort Code and Address where you receive bank statements), contact details and submits.
DO MAKE A NOTE OF CLAIM REFERENCE NO
If you require assistance do contact us on [email protected]

Employers can make a claim through the Job Retention Scheme if they have put their employees on temporary leave (furlough) because of the coronavirus (COVID-19) outbreak.

10/04/2020

Update on JRS (Job Retention Scheme)

HMRC have recently updated guidance on reclaiming 80% for furloughed staff. To claim the money back you will need to use a new HMRC portal which is due to go live on 20th April.

If you're eligible for the scheme, there are things that you can do now to be ready when the system is up and running later this month.

You'll need to provide the following to make a claim;
The bank account number and sort code you'd like us to use when we pay your claim.
The name and phone number of the person in your business for us to call with any questions.
Your Self-Assessment UTR (Unique Tax Reference), Company UTR or CRN (Company Registration Number).
The name, employee number and National Insurance number for each of your furloughed employees.
The total amount being claimed for all employees and the total furlough period.
Government Gateway ID to use the reclaim portal

If you use an agent who is authorised to act for you for PAYE purposes, they will be able to make a claim on your behalf, so please speak to them now.

If you need help with any of the above mentioned steps, get in touch with your adviser or get in touch with me.

06/04/2020