The Treasury has issued a further Direction under the Coronavirus Act 2020 s 76, this time giving effect to the Job Retention Bonus (referred to as the ‘coronavirus job retention scheme (job retention) bonus’ in the Direction) and bringing the bonus payment within the scope of the FA 2020 measures on the taxation of coronavirus support payments (s 106 and Sch 16).
The Direction also modifies previous job retention scheme directions to impose a 30 November 2020 time limit for CJRS claims covering the period from 1 July to 31 October 2020.
HMRC has also published new guidance Check if you can claim the job retention bonus from 15 February 2021 which covers the following:
Separately HMRC has updated its self-employment income support scheme (SEISS) guidance How different circumstances affect the self-employment income support scheme to clarify the position for those whose eligibility for the scheme has been affected by having a child. The guidance now makes it clear that where an individual’s trading profit or total income that they reported for the tax year 2018/19 was adversely affected as a result of having a child, they must ask HMRC to verify their eligibility before they can make a claim, on or before 19 October 2020.
Finally, we remind readers of some imminent business support deadlines:
The Treasury has issued a further Direction under the Coronavirus Act 2020 s 76, this time giving effect to the Job Retention Bonus (referred to as the ‘coronavirus job retention scheme (job retention) bonus’ in the Direction) and bringing the bonus payment within the scope of the FA 2020 measures on the taxation of coronavirus support payments (s 106 and Sch 16).
The Direction also modifies previous job retention scheme directions to impose a 30 November 2020 time limit for CJRS claims covering the period from 1 July to 31 October 2020.
HMRC has also published new guidance Check if you can claim the job retention bonus from 15 February 2021 which covers the following:
Separately HMRC has updated its self-employment income support scheme (SEISS) guidance How different circumstances affect the self-employment income support scheme to clarify the position for those whose eligibility for the scheme has been affected by having a child. The guidance now makes it clear that where an individual’s trading profit or total income that they reported for the tax year 2018/19 was adversely affected as a result of having a child, they must ask HMRC to verify their eligibility before they can make a claim, on or before 19 October 2020.
Finally, we remind readers of some imminent business support deadlines: