• B M Howarth

Increase to Working Tax Credits

The basic element of Working Tax Credit has been increased by £1,045 to £3,040 from 6 April 2020 until 5th April 2021. The amount a claimant or household will benefit from will depend on their circumstances, including their level of household income. But the increase could mean up to an extra £20 each week.

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Retention Scheme and Payroll Support

The Coronavirus Job Retention Scheme is a government grant to reimburse employers for 80% of furloughed workers net wage to a maximum of £2,500 per month + Employers NI and Pension Contributions.  To

VAT

Payment Deferral Ends 30 June 2020 If you cancelled your VAT Direct Debit you will now need to set this up again to ensure you do not miss the payment deadlines. What to do: Log in to the HMRC website

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