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Everything posted by Whitey Grandad
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Yes you can but the company must have at least one active director. Whilst furloughed any employee cannot do any work for the company, but they can work for another company that has not furloughed anybody.
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It doesn’t affect me but this only comes into effect from 1st April. If your MOT expires before then you need to get your car tested.
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Hi Trousers, I have just had an update from HMRC and your daughter can be taken back on the payroll and then furloughed provided she was on the payroll on the 28th February. https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme
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Glad you’re still with us Crabby and thanks for your extensive report. What did you expect with a username like yours?
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That is the only way that it can or should be done. If he is getting remuneration in some other form then tax will be paid on it. Unless he is geting paid in cash and not declaring it. Getting paid a wage and then something extra on dividends does not avoid the tax. That is paid before the dividends are issued.
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That is a back of an envelope calculation based on an overall infection rate of 80% and a Case Fatality Rate of 1% in a population of 67 million or so.
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I have just been on a webinar with Sage that answered a lot of questions. You pay the employees in the normal fashion and submit PAYE information. The government will reimburse 80% of the total employee costs including NI and auto-enrolment pension payments later, by the end of April is their intention. "The 80% (£2500 ca) of wages to claim from the government is inclusive of ALL payroll costs. These would include Employers NIC and any Auto enrolment pension payments." "The latest guidance we have on this is to process the payment you're making to your furloughed employees through payroll, whether that's 80% or 100%. You may wish to separate furloughed pay to any top-up pay (over and above 80% of the cost of their wages). This will make it easier to report on the information you'll need when the online portal is launched." You still need to make VAT returns as normal but don't need to pay until the end of the tax year i.e. April 2021. This applies to VAT quarters that end between 20-Mar-2020 until the end of June. If you pay by Direct Debit then you should cancel this with your bank to prevent automatic payments. This is if you will have difficulties in paying. Sage will produce a fact sheet later with FAQs. I shall look out for it and post a link when it is available. Good luck everybody!
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If it is not formal yet then I suspect she will have a chance. These are difficult times for all of us.
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I think it's unlikely that she can be put back on the payroll. I am looking at the Sage website now desperately seeking advice. This link gives some details: https://www.sage.com/en-gb/blog/coronavirus-financial-support-business/#job-anchor-link "Your workers need to be currently working in your business – and not have been laid off or made redundant – in order for you to access the scheme. If required, they can take on other jobs with other businesses; doing so won’t impact on this cover – but they can’t do any work for the employer who claims under the Coronavirus Job Retention Scheme." There is a webinar if anybody is interested. https://www.sage.com/en-gb/coronavirus/
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It can be backdated to the beginning of March, apparently.
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Thanks for this. I await the government’s offering. I might have to put myself on furlough too although I only get a pittance.
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Thanks, every snippet helps. One problem I have is that the person who handles the PAYE is one who would be furloughed. That is normally done as RTI through Sage Payroll so I assume there will be an update for that.
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When it was first announced I saw a mention that it was up to the employer to decide whether to continue paying the 20%.
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Well they’ve had several weeks to prepare but it has to be done properly. Our problem is that we haven’t been able to ship any product so we have almost run out of liquidity. Components that we get from China still haven’t arrived because of the Chinese New Year and then lockdown. Getting transport for them is also difficult. FedEx and DHL won’t go near the factories. I’m especially interested in this £10,000 grant we are supposed to be getting through the Business Rates system but that has to be claimed through Eastleigh Borough Council so we have to wait for a letter from them first.
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All I can find is this,which says “aiming to get it done before the end of April” https://www.businesssupport.gov.uk/coronavirus-job-retention-scheme/ I have questions about other aspects such as pension contributions, auto-enrolment and suchlike.
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Hypo, have you found anything yet about how you will receive payments?
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I very much doubt that what you think he earns is true and if it is then he is into tax avoidance big time.
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Me? Why me? I was simply giving one trivial example of why a total lockdown (for a limited section of society) can cause problems. It's a sensible move but all this should have been thought out weeks ago. Still no news about the business support schemes. Might be in place by May, which will be too late for many much as I applaud the provisions.
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On this I agree with you completely.
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The virus will not live long on your hands especially if you wash them regularly. There must be quite a bit of immunity or a vaccine would not be much use. It may not be complete immunity but enough to prevent a serious illness.
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Key workers gotta get to work too. What’s crazy is reducing the number of services leading to overcrowding.
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Every silver lining has a cloud. France you say? DIY? This is not the France that I know and love.
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Ah. Ok. Won’t you get two sets of fans gathering outside? I guess that the latest “two’s company, three’s a crowd law would prevent that.
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Why would it have to be neutral? I don’t like the idea of closed doors myself anyway. We’ve all played each other at least once so the outstanding games will mainly involve teams that are due the home leg of their pairing. Home advantage still applies to some extent since the players don’t have the travel disruption.
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Phew! We can all relax. “The DIY and Hardware store sector has been categorised as an essential retailer by the government.” B&Q stores are closed today, Tuesday, but open after that. https://www.diy.com/customer-support/#icamp=HP_Hero_customersupport
