COVID-19 update:

Our offices are now open on a limited basis and our team are available to help you and your business. Free access to information that we have established for our own business or clients.

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Websters Service  12 June

The offices in Histon, Snettisham and Sydney, Australia remain closed but we have opened the Cambridge office on a very limited basis since 1 June. Most of the team will remain home based for the time being, although some are furloughed until 1 July. From 1 July everyone in the websters team will be back working mainly from home unless they have a significant health issue.  We will now have a small core of people in the office each day - properly socially distanced.

Email is the most reliable method to contact our team. Please contact your Account Manager to make arrangements for delivering anything to the office.

See our Coronavirus Free Help 

New Advice for Clients

Furlough Extended

The Chancellor has extended the Furlough scheme until October 2020 to avoid a cliff edge at the end of June. As expected the terms will become less generous from 31st July - but there will be more flexibility.

Self-employed Grant Portal now open

The Self-employed income support scheme (SEISS) service portal has now opened allowing the self-employed to claim a grant if they have suffered a loss due to the crisis.

Reliable Links

www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

www.icaew.com/coronavirus

Andrew Webster   Last updated 12 June 2020 08:32

Statement from the Chancellor

Primary goal is unchanged, it is to support people’s jobs.

The furlough scheme was the right thing to do at the time when businesses were closed but will end as planned as businesses are now open.  A new scheme will begin in November and last for a period of six months.

The Jobs Support Scheme will only support viable jobs in businesses who are facing lower demand over the winter months due to COVID-19, to help keep their employees attached to the workforce.  The scheme will open on November 1, 2020 and run for 6 months.  The employer will continue to pay the employee for time worked, the hours not worked will be split between the employer and the Government (through wage support) and the employee (through a wage reduction), and the employee will keep their job.  The Government will pay a third of hours not worked up to a cap (£697.92 a month), with the employer also contributing a third.  This will ensure employees earn a minimum of 77% of their normal wages, where the Government contribution has not been capped. 

All employers with a UK bank account and UK PAYE scheme can claim the grant.  The support will be targeted to those that need it the most so all SME’s will be eligible.  Larger businesses will only be eligible if turnover has fallen during the crisis and will have to meet a financial assessment test.

Employees must be on an employer’s PAYE payroll on or before September 23, 2020.  In order to support viable jobs, for the first three months of the scheme the employ must work at least 33% of their usual hours.  After 3 months, the Government will consider whether to increase this minimum hour’s threshold.  Employees will be able to cycle on and off the scheme and do not have to be working the same pattern each month, but each short time working arrangement must cover a minimum period of seven days.

Grant payments will be made in arrears, reimbursing the employer for the Government’s contribution.  The grant will not cover Class 1 employer NICs or pension contributions – these will remain payable by the employer.        

The scheme is open to all employers, even if they have not used the furlough scheme.  Businesses using the job support scheme can also still claim the Retention Bonuses.

Self-employment grant has been extended.

Bounce Back Loans – now pay as you grow.  Loans have been extended from 6 to 10 years, can choose to interest only payments or can suspend payments for up to 6 months (no impact on credit rating).

Coronavirus Loans – guarantee extended to 10years.

Deferred Tax due March 2021, VAT payments can now be spread over 11 payments with no interest.

Self-assessment payments extended 12 months from January.

Hospitality and tourism keeping 5% VAT rate till March 2021.