Business Briefing #15

Published on: February 2, 2021

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Business Briefing

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Our latest briefing:

1. Apply for a Kickstart Scheme grant: 29 or less job placements

If you are an employer looking to create 29 or less jobs placements for young people, apply for funding as part of the Kickstart Scheme.

Key information can be found at the link above about the criteria for the scheme, and if you would like support to become part of the IPIA’s group scheme please email brendan@ipia.org.uk expressing your interest.

2. Coronavirus (COVID-19): jobs that qualify for travel exemptions

Jobs that qualify for exemptions from self-isolation, passenger locator form or COVID testing requirements. Eight categories of jobs removed from exemptions.

3. How to treat certain expenses and benefits provided to employees during coronavirus

Find out about taxable expenses and benefits when they are paid to employees because of coronavirus and how to report them to HMRC.

4. Apply for a Discretionary Grant (DG2)

How to apply for a discretionary grant where the dissolved company can be restored.(Company has been dissolved for less than six years)

5. How your trading conditions affect eligibility for Self-Employment Income Support Scheme

Find out what we mean by reduced activity, capacity or demand or temporary closure and read examples of how this could affect your eligibility. Claims for the third grant have now closed. The last date for making a claim for the third grant was 29 January 2021. Details about the fourth grant will be announced on 3 March 2021.

6. How HMRC works out trading profits and non-trading income for the Self-Employment Income Support Scheme

Find out how HMRC will work out your trading profits and non-trading income if you’re self-employed or a member of a partnership and have been impacted by coronavirus (COVID-19). Claims for the third grant have now closed. The last date for making a claim for the third grant was 29 January 2021. Details about the fourth grant will be announced on 3 March 2021.

7. Companies House to pause voluntary and compulsory strike off processes for one month

Companies House has temporarily paused its voluntary and compulsory strike off processes for one month from 21 January until 21 February 2021.

8. Calculate how much you can claim using the Coronavirus Job Retention Scheme

Calculate how much you have to pay your furloughed employees for hours on furlough and how much you can claim back. A new section has been added about claiming Employment Allowance.

9. Full List of Support Grants for England, Scotland, Wales and N.Ireland:

Please make sure to assess whether you are eligible for the grant schemes below. As a reference point, hundreds of print businesses and their suppliers around the UK have been assessed as eligible, depending on which category you fit into.