Anna’s Accountancy Alerts – Week 23 (7th September – 13th September 2020)

Cake cafe small business owners


Eat Out To Help Out Scheme Results

Figures show 87,000 claims have been made by restaurants taking part in this scheme.

So far £336m has been claimed back via HMRC.

Harvester, Pizza Hut, Prezzo, Tesco Cafe and Toby Carvery are among those who have said they will continue the scheme for part or all of September.

Coronavirus Job Retention Scheme – How Is It Changing

From 1 September, the government will pay 70% of wages up to a cap of £2,187.50 a month. Employers are already paying employees’ pension contributions and National Insurance, but will now have to pay 10% of salaries as well.

In October, the government will pay 60% of wages up to a cap of £1,875. The employers’ share of the bill will then go up to 20% of wages.

Low Income Self-Isolating Payments

From 1 September the government is trialling the introduction of a new payment for people on low incomes who need to self-isolate.

The aim is to support people currently receiving either universal credit or working tax credit who are unable to work from home while self-isolating.

Eligible individuals who test positive with the virus will receive £130 for their 10-day period of self-isolation. Other members of their household, who have to self-isolate for 14 days, will be entitled to a payment of £182.

Non-household contacts advised to self-isolate through NHS Test and Trace will also be entitled to a payment of up to £182, tailored to the individual length of their isolation period and calculated at a rate of £13 per day.  

Stay Up-To-Date With Coronavirus & Brexit News

Coronavirus has affected us all. Whether you’re a sole trader, employer or employee. Stay up to date with the latest news – including government support, tax implications, and more.