National Insurance
Coverage includes key policy changes, thresholds, and government announcements affecting payroll costs and contributions for hospitality employers. Reporting focuses on how evolving rates and regulations impact staffing budgets, employer liabilities, and net pay across restaurants, pubs, catering firms, and hospitality businesses, offering clarity and guidance for operators navigating workforce-related financial planning.
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Jun- 2020 -1 JuneCoronavirus
Trade associations welcome evolution of furlough scheme
Hospitality trade associations have welcomed the “pragmatic” evolution of the governments furlough scheme announced by the chancellor. The new updates set out how employers will have to start sharing the cost of the scheme which will see employers pay National Insurance and pension contributions from August, then 10% of pay…
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May- 2020 -5 MayCoronavirus
Furlough errors could cost small firms
SMEs are making errors on their applications for the Government’s furlough scheme, meaning they will have to repay thousands of pounds back to HMRC later, accountancy firm UHY Hacker Young has said. The firm explained it has seen many small business applications for the furlough grant that includes the cost…
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1 MayComment
The coronavirus diaries: Piers Baker
Monday 16 March, 2020 Lunch is a normal affair, 50 lovely guests in, looked after by our brilliant team. Extra vigilance being exercised to ensure the government’s advice is being followed. A smattering of the afternoon drinkers in, numbers had been down for a week or so, understandably. At around…
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Mar- 2020 -27 MarchComment
What we know about furlough leave and the CJRS
HMRC published details of the Coronavirus Job Retention Scheme (CJRS) on 26.3.20 which are available here: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme Key points include: Employees that employers can claim CJRS for For the purposes of CJRS, the definition of employee would include workers and agency workers provided they are subject to PAYE i.e. this…
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26 MarchCoronavirus
Self-employed to get 80% income grant
Chancellor Rishi Sunak has announced the government will pay self-employed people a taxable grant based on their previous earnings over the last three years, worth up to 80% of earnings, and capped at £2,500 a month. Sunak said it will run for a minimum of three months, with scope for…
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24 MarchCoronavirus
Coronavirus Job Retention Scheme – Advice for Employers
Key points include: – Furloughed workers should not undertake any work for the company, including answering calls or emails – JRS should not interrupt an employees’ continuity of service – Annual leave will continue to accrue – Grants should be structured so no PAYE tax or national insurance contributions are due…
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11 MarchBusiness Bites
ROUNDUP: Business rates holiday announced by chancellor Sunak
In his maiden budget, the new chancellor, Rishi Sunak, has announced a £30bn fiscal stimulus package to help combat the impact of coronavirus on the British economy including a one-year total suspension of business rates for small retail, leisure and hospitality businesses. Headline measures include: A £12bn plan to provide…
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Feb- 2020 -24 FebruaryGovernment
Hospitality insolvencies at highest level in seven years
Insolvencies in the hospitality sector increased by 10.4% in 2019, the highest amount in seven years, according to analysis by real estate adviser Altus Group under the Freedom of Information Act. The Insolvency Service, an agency of The Department for Business, Energy and Industrial Strategy, paid out a total a…
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Jan- 2020 -8 JanuaryRegulations & Policies
Directors of Poole steakhouse banned for tax offences
Three directors from a steakhouse in Poole have been disqualified for a total of 18 years after submitting inaccurate tax returns. Jalal Ahmed (50) of Southsea, Satokh Singh Dhanda (62) and Mohammad Motiur Rahman (56), both of Southampton, were directors of the Rancho Steak House Ltd. The business, formerly of…
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Dec- 2019 -13 DecemberBusiness Bites
The election is over – time for the Tories to deliver for small businesses
It now looks as though political stasis and all the damage that does to business will be lifted in 2020. Boris Johnson’s victory in the election is the Tories’ strongest since the Thatcher era, and gives him great scope to implement bold policies. At this juncture it’s worth taking a look…
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