How much ssp can you reclaim




















Our specialist businesses offer a wide range of lending solutions designed to support most types of businesses with their commercial growth ambitions. Our specialist teams work with motor dealers and insurance brokers to help them offer flexible finance options and implementation advice for a broad range of clients and customers.

Our range of specialist deposit products provides UK businesses, institutions and individuals with consistently competitive interest rates and a level of personal service that builds lasting relationships. We provide a complete financial planning and investment service to business owners, professionals, retirees and high net worth individuals. Winterflood, part of Close Brothers Group, provides access to securities and a range of related services to retail brokers, asset managers and institutional investors.

Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading.

April 15th Article. The scheme will repay employers the current rate of SSP that they pay to current or former employees for periods of sickness starting on or after 13 March The scheme will cover up to a maximum of two weeks of sick pay — either because the employee has coronavirus themselves or because they cannot work because they are self-isolating at home.

Connected companies and charities can also use the scheme if their total combined number of PAYE employees are fewer than on or before 28 February The government have not yet announced how the scheme will be administered, just that it will be coming soon.

However, the government has said that employers should keep records of all the statutory sick payments that you want to claim from HMRC, including:. Mar 16th 3 minute read. Mar 11th 2 minute read. Mar 04th 7 minute read. Prime Minister Boris Johnson announced on Monday 22nd February the current national lockdown in England will be eased in four steps, with a minimum of five weeks between each step.

Feb 23rd 5 minute read. Sep 23rd 5 minute read. With the UK still amidst the coronavirus pandemic and the extent of its impact still not yet known for business owners and employees, Chancellor Rishi Sunak yesterday set out a number of new schemes and financial incentives to help businesses to bring furloughed staff back to work and to encourage customers to return to their local shops and restaurants again.

Jul 09th 5 minute read. Paul Forde from Close Brothers Asset Management talks you through your obligations and considerations around employee benefits for your staff through these uncertain times. Jun 23rd 5 minute read. Jun 15th 5 minute read. As lockdown restrictions continue to ease, many businesses that had been forced to close or ask their employees to work from home will now be considering how to safely re-open.

Jun 11th 5 minute read. May 13th 5 minute read. Unfortunately, whilst most of the country is pulling together, helping in the fight against coronavirus COVID , there are individuals and organisations that are using it to try new scams and trick people by email, phone and text message.

The SMEs of Britain have reacted quickly and prudently to the Covid crisis and the associated financial difficulties which are being acutely felt around the UK. May 04th 5 minute read. Apr 29th minute read. Apr 15th 5 minute read.

TIn response to the Covid crisis, the government has announced that it will allow businesses to defer certain VAT payments with the intention of easing cashflow pressures on businesses over the peak of the pandemic.

How do I work out my tax? How is tax collected on taxable state benefits? How do I check my coding notice? What tax do I pay on redundancy payments? Termination payments on leaving the armed forces Employment benefits and expenses What are benefits-in-kind? What payments and benefits are non taxable? What if I incur expenses in relation to my job?

What travel expenses can I claim? What if I use my own car for business purposes? Payroll giving Allowances and expenses paid to armed forces personnel and deductions from their income Pensions and employees What is automatic enrolment for employees?

What National Insurance do I pay as an employee? How do I repay my student loan? What if I do not pay enough tax? What if I pay too much tax? What if I work abroad temporarily? What if I am in the armed forces and work overseas? First time workers Apprenticeships. How do I register for tax and National Insurance? What business records should I keep? Working out profits, losses and capital allowances When do I make Self Assessment payments and file my tax return?

How do I pay tax on self-employed income? What is the trading allowance? What National Insurance do I pay if I am self-employed? How do I work out my profits for universal credit? Pensions and self-employment How do I repay my student loan if I am self-employed? Introduction to enquiries.

Tax code problems on retirement What should I do if I have not paid enough tax? What tax do I pay on savings and dividend income? How do I claim any tax back? What National Insurance do I pay after retirement? What happens if I retire abroad? What is the tax position when I take money from my pension flexibly?

How do I cash in my small pension? What tax do I pay on my state pension lump sum? I agree to be contacted in relation to this request. Eligible employers An employer is eligible to use the scheme if the employer had fewer than employees across all their PAYE payroll schemes on 28 February and has paid sick pay to an employee who was absent from work as a result of a Coronavirus-related absence.

Reclaiming SSP related to periods of self-isolation An employee is eligible for SSP if: they are self-isolating because someone that they live with has Coronavirus symptoms or has tested positive for Covid; they have been told to isolate by the NHS or a public health body because they have been in contact with someone who has tested positive for Covid; or they have been notified by the NHS to self-isolate before surgery for up to days.

As far as periods of self-isolation are concerned, SSP can be paid from the first day that the employee is off work because they are self-isolating where the period of self-isolation: started on or after 13 March where someone they live with has Coronavirus symptoms or is self-isolating; started on or after 28 May where the employee was notified by the NHS that have come into contact with someone who tested positive for Coronavirus; and started on or after 26 August where the employee was notified by the NHS of the need to self-isolate prior to surgery.

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