Coronavirus Job Retention Scheme closes on 30th JuneAny employer, who wishes to furlough their staff, will need to do so by the 10th June at the latest. The Coronavirus Job Retention Scheme (CJRS) closes to new entrants on the 30th June and from this date, employers will only be able to furlough staff that have been furloughed for a full three week period before the 30th June. Other changes to the CJRS include:-
For further information Self Employment Income Support Scheme (SEISS)Individuals, who are eligible, can claim a taxable grant worth 70% of their average monthly trading profits, paid out in a single instalment covering three months’ worth of profit, and capped at £6,570 in total. Applications will open in August 2020 – and further details about this scheme will be available on the gov.uk website on 12th June 2020. Independent's top 11 pre-mixed canned cocktail listWe are delighted to see that two of our clients, Drty Drinks and Punchy Drinks were featured in the recent Independent article on the "11 best pre-mixed canned cocktails that bring the bar to you during lockdown" “We have a growing number of clients in the food and beverage sector,” said Oliver Burton, Partner at DRG. “It is fantastic to see Drty’s and Punchy's exciting, innovative products recognised in such a prestigious list.” DRG tax investigation protection serviceWhilst HMRC tax investigations might currently be less frequent due to the coronavirus pandemic, in recent years we have seen an increase in the number of enquiries, both into individual tax returns and company returns. A tax investigation can range from a phone call to a full blown investigation where they will go through the full books and records. It can be disruptive, time-consuming and expensive. Our Tax Investigation Service will cover our professional fees that result from most types of HMRC investigation or enquiry. |