Thank you for your positive feedback!

It’s been a very unusual last couple of months – the Liric team have learned so many new things – who knew what the word Furlough meant at the beginning of March ??

We have been constantly keeping you up to date with Government announcements, providing guidance on the implications for you and your business,  directing you to support that may be available for your business through emails, Facebook and WhatsApp, online meetings and a dedicated client resource website .  We will continue to do this and work with you to help you through to the other side. 

What’s been great for us is the positive feedback we have been receiving. It really helps us to know our advice is valued – we know that not all accountants have been providing as much support so if you know another business who you think would benefit from Liric services please do refer them to us.  Here is a snapshot of your comments:

Many thanks for this. Yes, it’s really helpful. Thanks for all information coming your way currently. You are doing a great job at keeping your clients up to date. 

Thank- you so much Lisa for this VERY useful info! This is for me….

Well done for getting this Info out so quickly.

You are quick! Rishi Sunak has only just stopped talking!!

Thank you, Lisa. This is all very reassuring.

You are doing an amazing job, Lisa, all my thanks to you again.

Many thanks for all the info you have been sending out, it is very helpful.

Hope you are ok, thank you so much for you and Lisa’s support – it is outstanding and very very much appreciated.  We are so lucky to have you.

What a relief, thanks for letting us know. We have been receiving your emails but it’s worrying times and just nice to know we are included in the government plans. 

Keep up the good work, your efforts are very much appreciated.

Hi Liric team -Thanks for all the info lately!

Really appreciate all you’re doing.

Let me congratulate and thank you for your efforts, help, support and communication during this unusual period. Amazing response from your side.

As businesses are starting to get back to work, please remember to  stay safe. Do what you can, with what you have. Control what’s in your control. Help as many people as you can through this period with any spare resources you have, whether that’s time, money or love. This will not last forever and we will get through this… together… and be stronger at the other side.

New Features On CJRS Online Claim Service – update 12/5/20

Save and return option now added

In response to feedback from claimants using the service, HMRC have added a ‘save and return’ option. This means that you can now return to a partially completed claim, rather than having to do it all in one go.

HMRC GUIDANCE ON MAKING A CJRS CLAIM

Avoiding common mistakes

When you make a claim through CJRS, you should receive the funds within six working days after you apply, provided your claim matches records that HMRC hold for your PAYE scheme.

Making sure that you submit your claim correctly will reduce the chance of any delayed or wrong payments.

These steps should help keep the process as straight forward as possible:

  • read the guidance before you apply, to find this go to GOV.UK and search for ‘Coronavirus Job Retention Scheme’, there is a step-by-step guide to applying and a calculator
  • check your employees are eligible, by looking at the guidance on GOV.UK
  • check your calculations each time you submit a claim, in case any details have changed
  • only submit one claim per pay period – you cannot submit another claim for overlapping periods; this means that in each claim you should include all furloughed employees paid during that period
  • if you have missing National Insurance numbers for employees, do try and find them so it doesn’t delay your claim; if an employee doesn’t have a National Insurance number yet, you should contact HMRC in order to complete your claim; go to GOV.UK and search for ‘get help with the Coronavirus Job Retention Scheme’ to find out how to contact us
  • double check all the information in the claim before you submit it, including your bank details.

We understand that sometimes you might make an error in your claim, and HMRC are working on a process to enable you to amend a claim. In the meantime, please do not amend your next claim to reflect any errors that you may have made in a previous one, as this could delay payment. If HMRC spot an error then, where possible, they will contact you or your agent to correct the claim.

Contact us if you need any help

The Liric Team

See also as the PDF below:

NEW FEATURES ON CJRS ONLINE CLAIM SERVICE – update 12/5/20

IMPORTANT INFORMATION ABOUT CLAIMING THE SELF EMPLOYED SUPPORT

As agents we are NOT able to apply for this on your behalf.  HMRC are beginning to contact those who they think may be eligible for the Governments Self Employed Income Support Scheme (SEISS) BUT you will need to apply through your own HMRC Government Gateway (GG).  This is not something we will have previously created for you as we deal with HMRC through a dedicated agents portal.  If you have not already done so you will need to create your own HMRC personal tax account and then attach your self assessment record to this.

THEN you will need to wait for an activation code from HMRC to be able to use this.  It can take up to 10 days for this code to arrive so please start this process ASAP. You will then need to log into your HMRC account and add the activation code to this. 

  • Screen shots of how to do this are here

https://www.dropbox.com/s/6fv2wynfw7d5hsm/Screen%20shots%20of%20setting%20up%20HMRC%20GG%20%20for%20PERSONAL%20TAX%20ACCOUNT.pdf?dl=0

The claims service will open 13 May and those eligible will have the money paid into their bank account by 25 May or within 6 working days of completing the claim.

Information below and there is a link to an online checker to see if you are eligible

https://www.gov.uk/government/news/self-employed-invited-to-get-ready-to-make-their-claims-for-coronavirus-covid-19-support

Please don’t hesitate to CONTACT US if you have any problems doing this

Lisa and the Liric team

Self-Employment Income Support Scheme (SEISS) – Update 5.5.20: Scheme Opens Earlier Than Expected!

See: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self- employment-income-support-scheme

This week HMRC will start contacting self-employed people who are likely to be eligible, through a combination of emails, SMS texts and letters, to tell them what they need to do to get ready to claim. Applications will open in tranches based on the unique taxpayer number (UTR) given to all self-employed taxpayers.


Read more here:

Self-Employment Income Support Scheme (SEISS) – Update 5.5.20

Dedicated Covid19 website for guidance and support

In these uncertain times we wanted to contact all our clients to let you know we are here to offer support and guidance over the next few months.

With a vast amount of rapidly changing guidance information available, we are really pleased to now be able to offer to you a link to a website  for our clients featuring C19 support, news and tools:

http://clientresources.co.uk

You can rely on us to help with Government Grants and other support to help you and your business survive.

Please see the tools and resources we have developed to help which are updated regularly.

We will continue to complete your accounts, VAT, payroll and tax returns in a timely manner.

Together we will get through this. Keep safe and stay healthy.

Coronavirus support for the self employed – update 9.4.20

The self-employed income support scheme (SEISS) was announced on 26 March, and now we have more details of how this scheme will work in practice. Details below:

Coronavirus support for the self employed – update 9.4.20

Coronavirus government support update

Currently, most of the questions being asked of us are in respect of the support available for employees.  Whilst the guidance provided by the Government has been updated, there is still a lot we do not know and are probably not going to get black and white answers to, for all situations. However, I thought it would be useful to share some of the frequently asked questions to help you.  There are 3 documents covering 48 questions, but I would suggest you start on the most recent, Q31-48, as some of the earlier ones have now been superseded.

Please note, at the moment it is still not possible to actually make the claim.

I’ve also attached a slightly updated Furlough agreement – this should be signed by both you as employer and the employee who is being put on Furlough and retained for your records.  

One of the points that has come out of the recent guidance is that to apply for the recovery of the Furlough payment you will need to have an online HMRC PAYE account.  Many of you already have this in place, as you would require it for VAT but you may not have PAYE attached to it, especially if Liric have been your payroll agents.  We will send out a separate email with the relevant information on how to apply for this, or to attach PAYE to an existing account.

The link to the Government guidance on the CJRS is https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme


Coronavirus Job Retention Scheme (CJRS) FAQ’s Q1-12 as at 30.3.20


Coronavirus Job Retention Scheme (CJRS) FAQ’s Q13-30 as at 31.3.20


Coronavirus Job Retention Scheme (CJRS) FAQ’s Q31-48 as at 6.4.20


Useful websites


Furlough Leave Agreement – updated 8.4.20

Directors and Furlough – update 30.3.20

There is one question we have been asked more than any other by directors since the furloughing
guidelines were issued…

Can I furlough myself?

We would like to share our updated thoughts on this subject and why you don’t have to (completely)
make your mind up just yet.

Download the PDF with more information below:

Furlough Leave Agreement

Download the leave template below:

Furlough Leave Agreement – Word Document

Coronorvirus Self-Employment Support Scheme update

HELP FOR THE SELF EMPLOYED

Chancellor Rishi Sunak has announced measures to support the self-employed and partnerships.

The scheme is called the Coronavirus Self-employment Income Support Scheme (CSEISS). Please read more below.

Coronarvirus Self-Employment Support Scheme update

Coronavirus Job Retention Scheme: Details

The government has published further details of the Coronavirus Job Retention Scheme (otherwise known as the Furlough Scheme).

It is unclear whether HMRC intends to rely on this guidance only, or whether there will be actual legislation. 

The full guidance is here:

Coronavirus Job Retention Scheme

You need to read it; this summary is not going to be enough.

Here are the key points, some of which had not previously been announced:-

  • the scheme is open to all UK employers that had a PAYE scheme in place on 28 February 2020
     
  • any organisation with employees can apply, including charities, recruitment agencies and public authorities; however, the government does not expect public sector employers to use it as long as central government continues funding wage costs in the normal way.  With agency employees, the scheme is only available for agency employees who are not working.
     
  • employers can reclaim up to 80% of wage costs up to a cap of £2,500 per month, plus (not including) the associated employer NICs and minimum autoenrolment pension contributions on that wage.  Fees, commissions and bonuses are not included.
     
  • an employer can choose to top up to 100%, but does not have to (subject to employment law and renegotiating any contractual entitlements)
     
  • for employees whose pay varies, the employer can claim for the higher of (i) the same month’s earning from the previous year (eg earnings from March 2019); or (ii) average monthly earnings in the 2019-20 tax year
     
  • individuals are only entitled to the minimum wage for the hours they work.  So if they are furloughed and do not work, and 80% of their normal earnings would take them below the minimum wage based on their normal working hours, they still only receive 80% as they are not working.  However, they are entitled to be paid NMW for any time spent training.
     
  • to be eligible, the employee must have been on the payroll on 28 February 2020.  If they were hired later, they are not eligible.  Anybody who was on the payroll on 28 Feb and has since been made redundant can be rehired and put on the scheme
     
  • furlough leave must be taken in minimum blocks of three weeks to be eligible for funding
     
  • there is nothing in the guidance which prohibits rotating furlough leave amongst employees, provided each employee is off for a period of at least three weeks
     
  • the employee must not be working at all.  If they work for even an hour (presumably during their entire three week furlough period), they are not eligible.  However, they are able to undertake training and do volunteer work, provided they do not provide services to or make any money for their employer.
     
  • when agreeing changes in hours (and acceptance of 80% pay), assuming the contract does not already allow for that, normal employment law applies.  The employer must be careful not to discriminate in deciding who to offer furlough too.  My view is that prioritising vulnerable workers is unlikely to be discrimination, as prioritising the over 70s (direct age discrim against those under 70) is almost certainly justifiable, and those who do not suffer from serious health conditions are not a protected class.
     
  • employees on sickpay or self-isolating cannot be furloughed, but can be furloughed afterwards.  Employees who are shielding can be placed on furlough.
     
  • employees on maternity (or similar) leave can continue to draw SMP (or similar) payments.  The guidance does not prohibit women on maternity leave agreeing to return to work early and then being furloughed, or electing to change to shared parental leave and then being furloughed.
     
  • employers can only claim once every three weeks, ie they cannot get weekly reimbursement.  Claims can be backdated to 1 March 2020.

The government will issue further guidance on the mechanics of claiming the payment in due course.  It says it expects the scheme will be up and running by the end of April.

Coronavirus Job Retention Scheme: Details