An example furlough letter for employers
[Send to employee’s address or email. Note you should discuss and record employee agreement to be furloughed before you send this letter.] Dear [Employee Name], NI NUMBER AND / OR PAYROLL NUMBER The purpose of this letter is to formally notify you that your position as [INSERT] on the [XXX DEPARTMENT] is being closed temporarily […]
Company directors – eligibility for furlough
As office holders, salaried company directors are eligible to be furloughed and receive support through this scheme. Company directors owe duties to their company which are set out in the Companies Act 2006. Where a company (acting through its board of directors) considers that it is in compliance with the statutory duties of one or […]
Step by step guide to furloughing employees
Decide what staff you want to furlough Both employees and their employer must agree before an individual can be put ‘on furlough’ (we can provide a draft letter) You can choose to furlough some but not other employees You can make employees redundant while they are ‘on furlough’ or immediately after. If an employee is made redundant while on furlough, their […]
How Covid-19 affects you as a Limited Company and what assistance there is out there for you
Coronavirus Job Retention Scheme Under the new Coronavirus Job Retention scheme, government grants will cover 80% of the salary of PAYE employees who would otherwise have been laid off during this crisis. The scheme, open to any employer in the country, will cover the cost of wages backdated to 1 March 2020 and will be […]
Tax reliefs to support homeworking during the coronavirus situation
Homeworking allowance The homeworking allowance was increased at the Spring Budget from £4 to £6 a week (or £26 a month) with effect from 6 April 2020. An employer can pay this fixed sum, tax-free and NIC-free, to meet the additional costs an employee incurs working at home under homeworking arrangements. Homeworking arrangements mean an agreement […]
Self employed income support scheme
Summary of provisions as per the Chancellor’s announcement Prepared by Eazitax 17.23 26/03/2020 Coronavirus Payment Scheme Pay-out of 80% of Average Monthly Profit of the last 3 years up to £2,500. For those under 3 years will look at 2 or 1 year but not less. For self-employed up to £50,000 profit You must have […]
The Eazitax emergency blog
Let’s start with the fact that as we go to press the COVID-19 virus is just really taking hold in the UK and a lockdown is underway. So, we can’t avoid talking about it because from a business perspective, over and above the human tragedy, the main thing I have been dealing with is the […]
