Anna’s Accountancy Alerts – Week 18 (3rd August – 9th August 2020)

Finances. Accounting. Documentation

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Furloughed Employees

The Employment Rights Act 1996 (Coronavirus, Calculation of a Week’s Pay) Regulations 2020, which came into force on 31 July 2020, provides that where a furloughed employee is made redundant, both Statutory Notice Period (SNP) and Statutory Redundancy Pay (SRP) are to be calculated based on their normal pay, rather than on their reduced furlough pay.

The legislation ensures that you must treat any weeks an employee spent on furlough over the twelve-week reference period as if they were working on full pay – and for those without normal working hours, a “week’s pay” in furlough weeks is to be calculated according to their reference salary for claiming furlough pay under the Coronavirus Job Retention Scheme (CJRS).

Eat Out To Help Out Scheme Launches

More than 53,000 outlets across the UK have so far signed up to the government’s Eat Out to Help Out scheme.

Diners that eat-in will benefit from a 50% discount, up to a maximum of £10 per person, on food and non-alcoholic drinks, any Monday to Wednesday throughout August.

No voucher is required, and diners can take advantage of the offer as many times as they like during the month.

To find out if a restaurant is participating in the Eat Out to Help Out scheme diners can use the online restaurant finder now live on gov.uk. By entering a postcode they will see a list of participating outlets within a five-mile radius.

Information on registering for Eat Out to Help Out

Get more information about the Eat Out to Help Out Scheme

Coronavirus Job Retention Scheme (CJRS)

What You Need To Do From 1 August

From 1 Au‌gu‌st 2020 the scheme will no longer fund employers’ National Insurance (NI) and pensions contributions. Employers will have to make these payments from their own resources for all employees, whether furloughed or not.

Live webinars offering more support on changes to the scheme and how they impact you are available to book online – go to GOV‌.UK and search ‘help and support if your business is affected by coronavirus’. 

Stay Up-To-Date With Coronavirus & Brexit News

Coronavirus has affected us all. Whether you’re a sole trader, employer or employee. Stay up to date with the latest news – including government support, tax implications, and more.