July 2020

Coffee shop owners with face masks, lockdown, quarantine, coronavirus, back to normal concept

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The Chancellor also announced other measures, including:

  • the Eat Out to Help Out Scheme – during August, diners can get 50% off Monday to Wednesday on meals and non-alcoholic drinks, up to £10 per person, when eating at participating restaurants, bars, cafes and other establishments that have registered;
  • VAT reduction – from 15‌‌‌ ‌July until 12‌‌‌ ‌January 2021, the UK government will cut VAT from 20% to 5% on any eat-in or hot takeaway food and drinks from restaurants, cafes and pubs, excluding alcohol. This VAT reduction also applies to all holiday accommodation in hotels, B&Bs, campsites and caravan sites, as well as attractions like cinemas, theme parks and zoos;
  • an increase in the Stamp Duty Land Tax (SDLT) threshold in England and Northern Ireland – increasing the threshold under which no SDLT is paid on the purchase of a main home from £125,000 to £500,000, with immediate effect until 31‌‌‌ ‌March 2021.

For more information, search ‘plan for jobs’ on GOV‌‌‌.UK.

Claiming For Employees Furloughed On Or Before 30‌‌‌ ‌June

You need to claim by 31‌‌‌ ‌July for employees furloughed through the Coronavirus Job Retention Scheme (CJRS) for periods ending on or before 30‌‌‌ ‌June.

Get Ready For Changes From 1‌‌‌ ‌August

Employers will no longer be able to use a CJRS grant to cover National Insurance (NI) and pension contributions for furloughed employees from 1‌‌‌ ‌August. You can submit August claims in advance, from 20‌‌‌ ‌July.

Working Out Your Claims

You can use our online examples and calculator to help work out what you can claim, for claims ending on or before 31‌‌‌ ‌July. From 10‌‌‌ ‌July you will also be able to use these to help you work out claims ending on or before 31‌‌‌ ‌August. Search for ‘calculate how much you can claim using the Coronavirus Job Retention Scheme’ on GOV‌‌‌.UK.

Made A Mistake On Your Claim?

You can now delete a claim online within 72 hours of submitting it. Search ‘claim for wages through Coronavirus Job Retention Scheme’ on GOV‌‌‌.UK.

Calls To Customers

HMRC are contacting selected employers to discuss their claims. These calls will be to check they haven’t made any mistakes and to help make sure they’re claiming the correct amount

The VAT payment deferral period ended on 30 June 2020. This means you’ll need to:

  • Set-up cancelled direct debits as soon as possible to ensure you meet the next payment deadline;
  • Continue to submit VAT returns as normal, and on time;
  • Pay the VAT in full on payments due after 30 June;

Any VAT payments that were due and have been deferred between 20 March and 30 June should be paid in full on or before 31 March 2021.