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On 5th November the government announced that it will:

  • Extend the Coronavirus Job Retention Scheme (CJRS) until the end of March for all parts of the UK (this supersedes the previous announcement that the scheme would last until 2nd December),
  • Cancel the £1,000 Job Retention Bonus due to be paid in February but will instead introduce a different retention incentive at a later date, and
  • Increase the third self-employed (SEISS) grant, covering November to January, to 80% of trading profits for each of the three months. Previously the grant was increased to 80% of trading profits for November, with December and January remaining at 40%. The grant will be paid out in a single instalment and will be capped at £7,500 (previously £5,600). The window for claiming the grant will open on 30 November which is two weeks earlier than originally planned. The government has already announced that there will be a fourth SEISS grant covering February to April.

Further details will be released in due course.

Recent updates

The world of tax is constantly changing, so keep up to date on all our news, views and opinions

News

Claritas opens new London office

6 April 2021

News

Claritas advise shareholders of Bridewell Consulting on multi-million investment from Growth Capital Partners

25 March 2021

News

‘Tax Day’ consultations published, CGT conspicuous by its absence

23 March 2021

News

Claritas advises TIGL Holdings Limited on a successful refinancing and the acquisition of ThirdSpace.

19 March 2021

Knowledge

Claritas Tax acts for shareholders of Hiplok on sale of a majority holding

11 March 2021

News

Budget 2021: The Road to Recovery webinar watch again

4 March 2021

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